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{\*\bkmkstart filing_1}{\*\bkmkend filing_1}{\*\bkmkstart doc_1_1}{\*\bkmkend doc_1_1}\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs2\b\qc .\par\pard\plain\cf1\f51\fs2\b\qc 0\par\pard\plain\cf1\f51\fs24\b\qc UNITED STATES\par\pard\plain\cf1\f51\fs24\b\qc SECURITIES AND EXCHANGE COMMISSION\par\pard\plain\cf1\f51\fs18\b\qc Washington, D.C.\~\~20549\par\pard\plain\cf1\f51\fs14\qc \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs28\b\qc FORM 10-Q\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs14\qc \~\par\pard\plain\sa44\cf1\f51\fs16\qc \~\par\pard\plain\cf1\f51\fs16\qc \u9745?\plain\sa44\cf1\f51\fs16\b\qc QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\par\pard\plain\sa44\cf1\f51\fs16\qc For the quarterly period ended: September\~30,\~2018\par\pard\plain\sa44\cf1\f51\fs16\qc OR\par\pard\plain\cf1\f51\fs16\qc \u9744?\plain\sa44\cf1\f51\fs16\b\qc TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\par\pard\plain\cf1\f51\fs16\qc For the transition period from\plain\cf1\f51\fs16\qc \~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\plain\cf1\f51\fs16\qc to\plain\cf1\f51\fs16\qc \~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\par\pard\plain\cf1\f51\fs16\qc \~\par\pard\plain\cf1\f51\fs16\b\qc Commission File Number 001-37502\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\sb88\cf1\f51\fs8\qc \~\par\qc\sb88{\*\shppict{\pict\pngblip\picw490\pich142\picscalex38\picscaley38\bliptag-91010464732
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\par\pard\plain\sb88\cf1\f51\fs14\qc \~\par\pard\plain\cf1\f51\fs32\b\qc MASTERCRAFT BOAT HOLDINGS, INC.\par\pard\plain\sa88\cf1\f51\fs14\i\qc (Exact name of registrant as specified in its charter)\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs14\qc \~
\par\pard\plain
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\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\b\qc Delaware\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\b\qc 06-1571747\cell{
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{\trowd\cellx3678\cellx6679\cellx10323\trrh198
\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\i\qc (State or Other Jurisdiction\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\i\qc (I.R.S. Employer\cell{
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{\trowd\cellx3678\cellx6679\cellx10323\trrh198
\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\i\qc of Incorporation or Organization)\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\i\qc Identification No.)\cell{
{\trowd\cellx3678\cellx6679\cellx10323\trrh198\row}}}\pard\plain\cf1\f51\fs14\qc \~\par\pard\plain\cf1\f51\fs18\b\qc 100 Cherokee Cove Drive, Vonore, TN 37885\par\pard\plain\cf1\f51\fs16\i\qc (Address of Principal Executive Office) (Zip Code)\par\pard\plain\cf1\f51\fs18\qc \~\par\pard\plain\cf1\f51\fs18\b\qc (423) 884-2221\par\pard\plain\cf1\f51\fs16\i\qc (Registrant\u8217?s telephone number, including area code)\par\pard\plain\cf1\f51\fs14\qc \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\fi-154\cf1\f51\fs14\qc \~\par\pard\plain\cf1\f51\fs10\qj \~\par\pard\plain\cf1\f51\fs16\qj Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934\plain\cf1\f51\fs16\qj during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing\plain\cf1\f51\fs16\qj requirements for the past 90 days.\par\pard\plain\li44\cf1\f51\fs16\qr \u9745?\~\~\~\~\~Yes\~\~\~\~\~\~\~\~\~\~\u9744?\~\~\~\~\~No\par\pard\plain\sb88\cf1\f51\fs16\qj Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule\~405 of\plain\cf1\f51\fs16\qj Regulation\~S-T (\u167?232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit\plain\cf1\f51\fs16\qj such files).\par\pard\plain\li44\cf1\f51\fs16\qr \u9745?\~\~\~\~\~Yes\~\~\~\~\~\~\~\~\~\~\u9744?\~\~\~\~\~No\par\pard\plain\cf1\f51\fs16\qr \~\~\~\~\par\pard\plain\cf1\f51\fs16\ql Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an\plain\cf1\f51\fs16\ql emerging growth company. See the definitions of \u8220?large accelerated filer,\u8221? \u8220?accelerated filer,\u8221? \u8220?smaller reporting\plain\cf1\f51\fs16\ql company,\u8221? and \u8220?emerging growth company\u8221? in Rule 12b-2 of the Exchange Act.\par\pard\plain\cf1\f51\fs16\ql \~
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs16\qc Large accelerated filer\cell\pard\plain\intbl\cf1\f51\fs16\ql \u9744?\cell\pard\plain\intbl\cf1\f51\fs16\qc Accelerated filer\cell\pard\plain\intbl\cf1\f51\fs16\ql \u9745?\cell{
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\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
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\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\b\ql CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS\par\pard\plain\cf1\f51\fs20\qj This quarterly report on Form 10-Q contains certain \u8220?forward-looking statements\u8221? within the meaning\plain\cf1\f51\fs20\qj of the federal securities laws. We use words such as \u8220?could,\u8221? \u8220?may,\u8221?\plain\cf1\f51\fs20\qj \u8220?might,\u8221? \u8220?will,\u8221? \u8220?expect,\u8221? \u8220?likely,\u8221? \u8220?believe,\u8221?\plain\cf1\f51\fs20\qj \u8220?continue,\u8221? \u8220?anticipate,\u8221? \u8220?estimate,\u8221? \u8220?intend,\u8221?\plain\cf1\f51\fs20\qj \u8220?plan,\u8221? \u8220?project\u8221? and other similar expressions to identify some but not all\plain\cf1\f51\fs20\qj forward-looking statements and include statements in this quarterly report on Form 10-Q concerning our pipeline\plain\cf1\f51\fs20\qj of new models;\~\par\pard\plain\cf1\f51\fs20\qj our ability to continue our operating momentum, capture additional market share and deliver continued growth;\plain\cf1\f51\fs20\qj expectations regarding driving margin expansion, sales increases and organic growth; the successful integration of\plain\cf1\f51\fs20\qj Crest Marine LLC into our business; our fiscal 2019 outlook and key growth initiatives. Forward-looking\plain\cf1\f51\fs20\qj statements involve estimates and uncertainties that could cause actual results to differ materially from those\plain\cf1\f51\fs20\qj expressed in the forward-looking statements.\par\pard\plain\fi528\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The forward-looking statements contained in this quarterly report on Form 10-Q are based on assumptions that we\plain\cf1\f51\fs20\qj have made in light of our industry experience and our perceptions of historical trends, current conditions, expected\plain\cf1\f51\fs20\qj future developments and other important factors we believe are appropriate under the circumstances. As you read\plain\cf1\f51\fs20\qj and consider this quarterly report on Form 10-Q, you should understand that these statements are not guarantees of\plain\cf1\f51\fs20\qj performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions.\plain\cf1\f51\fs20\qj Although we believe that these forward-looking statements are based on reasonable assumptions, you should be\plain\cf1\f51\fs20\qj aware that many important factors could affect our actual operating and financial performance and cause our\plain\cf1\f51\fs20\qj performance to differ materially from the performance anticipated in the forward-looking statements, including but\plain\cf1\f51\fs20\qj not limited to the following: general economic conditions, demand for our products, changes in consumer\plain\cf1\f51\fs20\qj preferences, competition within our industry, our reliance on our network of independent dealers, our ability to\plain\cf1\f51\fs20\qj manage our manufacturing levels and our large fixed cost base, the successful introduction of our new products, and\plain\cf1\f51\fs20\qj the other important factors described under the caption \u8220?Risk Factors\u8221? in this quarterly report on Form\plain\cf1\f51\fs20\qj 10-Q\~\~and our Annual Report on Form 10-K for the fiscal year ended June 30, 2018, filed with the Securities and\plain\cf1\f51\fs20\qj Exchange Commission (the \u8220?SEC\u8221?) on September 7, 2018. Should one or more of these risks or\plain\cf1\f51\fs20\qj uncertainties materialize, or should any of these assumptions prove incorrect, our actual operating and financial\plain\cf1\f51\fs20\qj performance may vary in material respects from the performance projected in these forward-looking statements.\par\pard\plain\fi528\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Further, any forward-looking statement speaks only as of the date on which it is made, and except as required by\plain\cf1\f51\fs20\qj law, we undertake no obligation to update any forward-looking statement contained in this quarterly report on Form\plain\cf1\f51\fs20\qj 10-Q to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated\plain\cf1\f51\fs20\qj or unanticipated events or circumstances. New important factors that could cause our business not to develop as we\plain\cf1\f51\fs20\qj expect emerge from time to time, and it is not possible for us to predict all of them.\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 3\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS,\~INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc UNAUDITED CONDENSED CONSOLIDATED{\*\bkmkstart statements_of_operations_1254082}{\*\bkmkend statements_of_operations_1254082}\plain\cf1\f51\fs20\b\qc STATEMENTS OF OPERATIONS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5264\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9317\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5264\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9317\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5264\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7395\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7555\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9317\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc October\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5264\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7395\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7555\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9317\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5264\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5504\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6212\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7394\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7554\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8133\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9315\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5264\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5504\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6212\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7394\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7554\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8133\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9315\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql NET SALES\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 93,641\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 65,049\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7394\clvertalb\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql COST OF SALES\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 70,438\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 46,886\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7394\clvertalb\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql GROSS PROFIT\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 23,203\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,163\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql OPERATING EXPENSES:\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql Selling and marketing\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 4,290\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 2,737\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql General and administrative\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 6,772\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 4,335\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql Amortization of intangible assets\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 530\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 27\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7394\clvertalb\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql Total operating expenses\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 11,592\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 7,099\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7394\clvertalb\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql OPERATING INCOME\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 11,611\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 11,064\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql OTHER EXPENSE:\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql Interest expense, net\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 920\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 491\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql INCOME BEFORE INCOME TAX EXPENSE\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 10,691\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 10,573\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql INCOME TAX EXPENSE\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 2,226\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 3,527\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6212\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7394\clvertalb\cellx7554\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8133\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql NET INCOME\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 8,465\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 7,046\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6212\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7394\clvertalb\cellx7554\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8133\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql EARNINGS PER COMMON SHARE:\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\li264\cf1\f51\fs16\ql Basic\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.45\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.38\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\li264\cf1\f51\fs16\ql Diluted\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.45\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.38\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\cf1\f51\fs16\ql WEIGHTED AVERAGE SHARES USED FOR COMPUTATION OF:\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223
\pard\plain\intbl\li264\cf1\f51\fs16\ql Basic earnings per share\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,646,039\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,615,100\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5264\clvertalb\cellx5504\clvertalb\cellx6212\clvertalb\cellx7394\clvertalb\cellx7554\clvertalb\cellx8133\clvertalb\cellx9315\clvertalb\cellx9688\trrh223\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223
\pard\plain\intbl\li264\cf1\f51\fs16\ql Diluted earnings per share\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,768,764\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,686,626\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7554\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\i\qc The notes form an integral part of the condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 4\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS,\~INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc UNAUDITED CONDENSED CONSOLIDATED{\*\bkmkstart balance_sheets_12540826}{\*\bkmkend balance_sheets_12540826}\plain\cf1\f51\fs20\b\qc BALANCE SHEETS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs18\qc \~
\par\pard\plain
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6365\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6605\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8068\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8308\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9567\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc September\~30,\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc June\~30,\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6365\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6605\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8068\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8308\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9567\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6365\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8068\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8308\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9567\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc 2018\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc 2018\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6365\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8068\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8308\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9567\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8068\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8308\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8068\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8308\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\b\ql ASSETS\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\b\ql CURRENT ASSETS:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Cash and cash equivalents\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 6,093\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 7,909\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Accounts receivable\~\u8212? net of allowances of $117 and $51, respectively\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 9,310\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 5,515\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Income tax receivable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 676\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Inventories\~\u8212? net\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 21,729\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 20,467\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Prepaid expenses and other current assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 3,587\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 3,295\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Total current assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 41,395\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 37,186\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Property, plant and equipment\~\u8212? net\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 23,929\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 22,265\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Intangible assets\~\u8212? net\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 50,516\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 51,046\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Goodwill\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 65,792\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 65,792\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Deferred debt issuance costs\~\u8212? net\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 361\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 383\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Other\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 253\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 252\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Total assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 182,246\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 176,924\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\b\ql LIABILITIES AND STOCKHOLDERS' EQUITY\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\b\ql CURRENT LIABILITIES:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Accounts payable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 18,609\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 17,266\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Income tax payable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 705\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Accrued expenses and other current liabilities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 29,555\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 27,866\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Current portion of long-term debt, net of unamortized debt issuance costs\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 5,521\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 5,069\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Total current liabilities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 53,685\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 50,906\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Long-term debt, net of unamortized debt issuance costs\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 68,084\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 70,087\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Deferred income taxes\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 205\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 1,427\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Unrecognized tax positions\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 2,097\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 1,982\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Total liabilities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 124,071\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 124,402\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\b\ql COMMITMENTS AND CONTINGENCIES\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\b\ql STOCKHOLDERS' EQUITY:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh594
\pard\plain\intbl\li132\cf1\f51\fs16\ql Common stock, $.01 par value per share\~\u8212? authorized, 100,000,000 shares; issued and\plain\intbl\li132\cf1\f51\fs16\ql outstanding, 18,721,420 shares at September\~30,\~2018 and 18,682,338 shares at June\~30,\plain\intbl\li132\cf1\f51\fs16\ql 2018\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 187\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 187\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh594\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Additional paid-in capital\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 114,331\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 114,052\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clvertalb\cellx7133\clvertalb\cellx8067\clvertalb\cellx8307\clvertalb\cellx8631\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Accumulated deficit\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (56,343)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (61,717)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9565\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Total stockholders' equity\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 58,175\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 52,522\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6365\clvertalb\cellx6605\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7133\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8307\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8631\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9565\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Total liabilities and stockholders' equity\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 182,246\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 176,924\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6605\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7133\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8307\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8631\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}\pard\plain\cf1\f51\fs18\qc \~\par\pard\plain\cf1\f51\fs20\i\qc The notes form an integral part of the condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb528\cf1\f51\fs20\qc 5\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS,\~INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF{\*\bkmkstart stockholders_deficit_12540826}{\*\bkmkend stockholders_deficit_12540826}\plain\cf1\f51\fs20\b\qc STOCKHOLDERS\u8217? EQUITY\~\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share data)\par\pard\plain\cf1\f51\fs20\qc \~
\par\pard\plain
{\trowd\trqc\clvertalb\cellx2607\clvertalb\cellx2872\clvertalb\cellx3767\clvertalb\cellx4136\clvertalb\cellx4561\clvertalb\cellx5270\clvertalb\cellx5560\clvertalb\cellx6012\clvertalb\cellx6685\clvertalb\cellx6975\clvertalb\cellx7594\clvertalb\cellx8328\clvertalb\cellx8618\clvertalb\cellx8933\clvertalb\cellx9542\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx2607\clvertalb\cellx2872\clvertalb\cellx3767\clvertalb\cellx4136\clvertalb\cellx4561\clvertalb\cellx5270\clvertalb\cellx5560\clvertalb\cellx6012\clvertalb\cellx6685\clvertalb\cellx6975\clvertalb\cellx7594\clvertalb\cellx8328\clvertalb\cellx8618\clvertalb\cellx8933\clvertalb\cellx9542\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2872\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3767\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4136\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4561\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5270\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5560\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6685\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6975\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7594\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8328\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8618\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8933\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9542\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Additional\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2872\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3767\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4136\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4561\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5270\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5560\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6685\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6975\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7594\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8328\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8618\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8933\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9542\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2872\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5271\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5561\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6686\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6976\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8330\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8620\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8935\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9544\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Common\~Stock\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Paid-in\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Accumulated\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2872\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5271\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5561\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6686\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6976\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8330\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8620\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8935\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9544\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2872\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3767\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4136\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5270\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5560\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6685\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6975\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8329\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8619\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9543\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Shares\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Capital\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Deficit\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Total\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2872\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3767\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4136\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5270\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5560\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6685\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6975\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8329\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8619\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9543\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2607\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3767\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4561\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5270\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6012\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6685\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6975\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8618\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8933\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs18\b\ql Balance at June 30, 2018\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,682,338\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 187\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 114,052\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\cf1\f51\fs18\qr (61,717)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 52,522\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2607\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3767\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4561\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5270\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6012\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6685\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6975\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8618\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8933\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx2607\clvertalb\cellx2872\clvertalb\cellx3767\clvertalb\cellx4136\clvertalb\cellx4561\clvertalb\cellx5270\clvertalb\cellx5560\clvertalb\cellx6012\clvertalb\cellx6685\clvertalb\cellx6975\clvertalb\cellx7594\clvertalb\cellx8328\clvertalb\cellx8618\clvertalb\cellx8933\clvertalb\cellx9542\clvertalb\cellx9688\trrh446
\pard\plain\intbl\cf1\f51\fs18\ql Adoption of accounting standards\plain\intbl\cf1\f51\fs18\ql (Note 2)\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\cf1\f51\fs18\qr (3,091)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\cf1\f51\fs18\qr (3,091)\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\cellx2607\clvertalb\cellx2872\clvertalb\cellx3767\clvertalb\cellx4136\clvertalb\cellx4561\clvertalb\cellx5270\clvertalb\cellx5560\clvertalb\cellx6012\clvertalb\cellx6685\clvertalb\cellx6975\clvertalb\cellx7594\clvertalb\cellx8328\clvertalb\cellx8618\clvertalb\cellx8933\clvertalb\cellx9542\clvertalb\cellx9688\trrh446\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2607\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3767\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4561\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5270\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6012\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6685\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6975\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8618\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8933\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh446
\pard\plain\intbl\cf1\f51\fs18\ql Equity-based compensation\plain\intbl\cf1\f51\fs18\ql activity\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 39,082\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 279\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 279\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2607\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3767\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4561\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5270\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6012\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6685\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6975\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8618\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8933\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh446\row}}}
{\trowd\trqc\clvertalb\cellx2607\clvertalb\cellx2872\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3767\clvertalb\cellx4136\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4561\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5270\clvertalb\cellx5560\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6012\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6685\clvertalb\cellx6975\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7594\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8328\clvertalb\cellx8618\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8933\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9542\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs18\ql Net income\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 8,465\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 8,465\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx2607\clvertalb\cellx2872\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3767\clvertalb\cellx4136\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4561\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5270\clvertalb\cellx5560\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6012\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6685\clvertalb\cellx6975\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7594\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8328\clvertalb\cellx8618\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8933\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9542\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2607\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2872\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3767\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4136\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4561\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5270\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5560\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6012\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6685\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6975\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7594\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8618\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8933\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs18\b\ql Balance at September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,721,420\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 187\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 114,331\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\cf1\f51\fs18\qr (56,343)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 58,175\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2607\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2872\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3767\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4136\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4561\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5270\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5560\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6012\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6685\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6975\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7594\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8618\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8933\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\i\qc The notes form an integral part of the condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb528\cf1\f51\fs20\qc 6\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS,\~INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF{\*\bkmkstart cash_flows_12540826}{\*\bkmkend cash_flows_12540826}\plain\cf1\f51\fs20\b\qc CASH FLOWS\par\pard\plain\cf1\f51\fs20\i\qc \~\plain\cf1\f51\fs18\i\qc (Dollars in thousands)\par\pard\plain\cf1\f51\fs18\qc \~\par\pard\plain\cf1\f51\fs18\qc \~
\par\pard\plain
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5885\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5885\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5885\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7826\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8066\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc October\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5885\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7826\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8066\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\b\ql CASH FLOWS FROM OPERATING ACTIVITIES:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Net income\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 8,465\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 7,046\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql Adjustments to reconcile net income to net cash provided by operating activities:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 1,435\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 732\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Inventory obsolescence reserve\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 13\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 130\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Amortization of deferred issuance costs\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 127\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 87\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Stock-based compensation\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 384\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 264\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Change in interest rate cap fair value\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (2)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Unrecognized tax benefits\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 115\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 288\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Deferred income taxes\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (284)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (592)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Net provision of doubtful accounts\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 66\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 30\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Gain on disposal of fixed assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (3)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Changes in operating assets and liabilities:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Accounts receivable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (3,861)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (3,235)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Inventories\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,275)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (23)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Prepaid expenses and other current assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (290)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (186)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Income taxes\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,381)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 1,997\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Other assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Accounts payable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 2,199\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 4,670\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li264\cf1\f51\fs16\ql Accrued expenses and other current liabilities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (2,340)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,042)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li396\cf1\f51\fs16\ql Net cash provided by operating activities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 3,367\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 10,166\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\b\ql CASH FLOWS FROM INVESTING ACTIVITIES:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Disposal of equipment\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~3\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6833\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7825\clvertalb\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Purchases of property and equipment\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (3,425)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (505)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6833\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7825\clvertalb\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li396\cf1\f51\fs16\ql Net cash used in investing activities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (3,422)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (505)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\b\ql CASH FLOWS FROM FINANCING ACTIVITIES:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Cash paid for withholding taxes on vested stock\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (105)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (43)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Principal payments on long-term debt\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,656)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (976)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6833\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7825\clvertalb\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\li396\cf1\f51\fs16\ql Net cash used in financing activities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,761)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,019)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6833\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7825\clvertalb\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql NET CHANGE IN CASH AND CASH EQUIVALENTS\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,816)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 8,642\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5885\clvertalb\cellx6125\clvertalb\cellx6833\clvertalb\cellx7825\clvertalb\cellx8065\clvertalb\cellx8644\clvertalb\cellx9544\clvertalb\cellx9688\trrh198\row}}}
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\pard\plain\intbl\cf1\f51\fs16\ql CASH AND CASH EQUIVALENTS\~\u8212? BEGINNING OF PERIOD\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 7,909\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 4,038\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs16\ql CASH AND CASH EQUIVALENTS\~\u8212? END OF PERIOD\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 6,093\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 12,680\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs16\ql SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
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\pard\plain\intbl\li132\cf1\f51\fs16\ql Cash payments for interest\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 1,025\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 373\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
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{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198
\pard\plain\intbl\li132\cf1\f51\fs16\ql Cash payments for income taxes\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 3,775\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 1,831\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5885\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6125\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7825\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8065\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\i\qc The notes form an integral part of the condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs12\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 7\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\b\qj 1.OR{\*\bkmkstart notestoconsolidatedfinancialstat}{\*\bkmkend notestoconsolidatedfinancialstat}\plain\cf1\f51\fs20\b\qj GANIZATION AND NATURE OF BUSINESS\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj MasterCraft Boat Holdings,\~Inc. (the \u8220?Company\u8221?) was formed on January\~28, 2000, as a Delaware\plain\cf1\f51\fs20\qj holding company and operates primarily through its wholly owned subsidiaries, MasterCraft Boat Company,\~LLC;\plain\cf1\f51\fs20\qj Nautic Star, LLC; NS Transport, LLC; MasterCraft Services,\~Inc.; MasterCraft Parts,\~Ltd.; and MasterCraft\plain\cf1\f51\fs20\qj International Sales Administration,\~Inc. The Company and its subsidiaries collectively are referred to herein as the\plain\cf1\f51\fs20\qj \u8220?Company\u8221?.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company is a leading innovator, designer, manufacturer and marketer of premium recreational powerboats that\plain\cf1\f51\fs20\qj operates in two reportable segments: MasterCraft and NauticStar. The Company also leases a parts warehouse in the\plain\cf1\f51\fs20\qj United Kingdom to expedite service, primarily to MasterCraft dealers and customers in Europe.{\*\bkmkstart _hlk480983299_12540826}{\*\bkmkend _hlk480983299_12540826}{\*\bkmkstart _hlk526788479_12540826}{\*\bkmkend _hlk526788479_12540826}\par\pard\plain\sb264\cf1\f51\fs20\qj \~\par\pard\plain\sb264\cf1\f51\fs20\b\qj 2.BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company\u8217?s fiscal year begins July 1 and ends June 30, with the interim quarterly reporting periods\plain\cf1\f51\fs20\qj consisting of 13 weeks. Therefore, the quarter end will not always coincide with the date of the end of the calendar\plain\cf1\f51\fs20\qj month.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The information furnished in the condensed consolidated financial statements includes normal recurring adjustments\plain\cf1\f51\fs20\qj and reflects all adjustments, which are, in the opinion of management, necessary for a fair presentation of the results\plain\cf1\f51\fs20\qj of operations and statements of financial position for the interim periods presented. Certain information and footnote\plain\cf1\f51\fs20\qj disclosures normally included in annual consolidated financial statements prepared in accordance with accounting\plain\cf1\f51\fs20\qj principles generally accepted in the United States of America (\u8220?U.S. GAAP\u8221?) and the applicable rules\plain\cf1\f51\fs20\qj and regulations of the U.S. Securities and Exchange Commission (\u8220?SEC\u8221?) for financial information\plain\cf1\f51\fs20\qj have been condensed or omitted pursuant to such rules and regulations. The June\~30, 2018 condensed consolidated\plain\cf1\f51\fs20\qj balance sheet data was derived from the audited financial statements but does not include all disclosures required by\plain\cf1\f51\fs20\qj U.S. GAAP for complete financial statements. However, management believes that the disclosures in these\plain\cf1\f51\fs20\qj condensed consolidated financial statements are adequate to make the information presented not misleading. These\plain\cf1\f51\fs20\qj condensed consolidated financial statements should be read in conjunction with the Company\u8217?s consolidated\plain\cf1\f51\fs20\qj financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended June\plain\cf1\f51\fs20\qj 30, 2018. \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The unaudited condensed consolidated financial statements have been prepared on the same basis as the\plain\cf1\f51\fs20\qj Company\u8217?s audited consolidated financial statements for the year ended June 30, 2018 and, in the opinion of\plain\cf1\f51\fs20\qj management, reflect all adjustments considered necessary to present fairly the Company\u8217?s financial position\plain\cf1\f51\fs20\qj as of September\~30,\~2018 and results of its operations, and its cash flows for the three months ended\plain\cf1\f51\fs20\qj September\~30,\~2018 and October\~1,\~2017 and statement of shareholders\u8217? equity for the three months ended\plain\cf1\f51\fs20\qj September\~30,\~2018. All adjustments are of a normal recurring nature. Our interim operating results for the three\plain\cf1\f51\fs20\qj months ended September 30, 2018 and October 1, 2017 are not necessarily indicative of the results to be expected\plain\cf1\f51\fs20\qj in future operating quarters.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj With the exception of Accounting Standards Update (\u8220?ASU\u8221?) 2014-09 discussed below, there were no\plain\cf1\f51\fs20\qj significant changes in or changes in the application of the Company\u8217?s critical accounting policies or\plain\cf1\f51\fs20\qj estimation procedures for the three months ended September\~30,\~2018 as compared with the significant accounting\plain\cf1\f51\fs20\qj policies described in the Company\u8217?s audited consolidated financial statements for the financial year ended\plain\cf1\f51\fs20\qj June\~30, 2018.\par\pard\plain\sb528\cf1\f51\fs20\qc 8\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Recently Adopted Accounting Standards\plain\cf1\f51\fs20\qj \u8212?\plain\cf1\f51\fs20\b\qj \~\plain\cf1\f51\fs20\qj In May 2014, the Financial Accounting Standards Board (the\plain\cf1\f51\fs20\qj \u8220?FASB\u8221?) and International Accounting Standards Board jointly issued Accounting Standards Update\plain\cf1\f51\fs20\qj (\u8220?ASU\u8221?) 2014-09\plain\cf1\f51\fs20\i\qj , Revenue from Contracts with Customers (Topic 606)\plain\cf1\f51\fs20\qj , which provides a\plain\cf1\f51\fs20\qj principle-based accounting guidance for revenue recognition. ASU 2014-09, as amended, became effective for\plain\cf1\f51\fs20\qj public companies for annual and interim periods beginning after December 15, 2017. Effective July 1, 2018, we\plain\cf1\f51\fs20\qj adopted the new revenue standard using the modified retrospective transition approach by recognizing a cumulative\plain\cf1\f51\fs20\qj adjustment to the opening balance of retained earnings.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Due to the implementation of ASU 2014-09, the Company has changed the timing of when it records retail\plain\cf1\f51\fs20\qj promotions and rebates. The cumulative effect of the changes made to the Company\u8217?s Condensed\plain\cf1\f51\fs20\qj Consolidated Balance Sheets as of July 1, 2018 for the adoption of the new revenue standard was as follows:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Balance as of\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Adjustments\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Balance as of\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Due to ASC 606\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc July 1, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4386\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4676\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5991\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6281\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7940\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8230\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4386\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4676\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5059\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5991\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6281\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6870\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8230\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Accrued expenses and other current liabilities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 27,866\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,029\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 31,895\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4386\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4676\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5059\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5991\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6281\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6870\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8230\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx4386\clvertalb\cellx4676\clvertalb\cellx5059\clvertalb\cellx5991\clvertalb\cellx6281\clvertalb\cellx6870\clvertalb\cellx7940\clvertalb\cellx8230\clvertalb\cellx8613\clvertalb\cellx9545\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Deferred income taxes\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,427\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (938)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 489\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx4386\clvertalb\cellx4676\clvertalb\cellx5059\clvertalb\cellx5991\clvertalb\cellx6281\clvertalb\cellx6870\clvertalb\cellx7940\clvertalb\cellx8230\clvertalb\cellx8613\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4386\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4676\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5059\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5991\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6281\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6870\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8230\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Accumulated deficit\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (61,717)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (3,091)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (64,808)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4386\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4676\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5059\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5991\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6281\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6870\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8230\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following table summarizes the impact of ASU 2014-09 on the Company's Condensed Consolidated Statement\plain\cf1\f51\fs20\qj of Operations for the three months ended September 30, 2018:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalb\cellx4239\clvertalb\cellx4529\clvertalb\cellx4973\clvertalb\cellx5808\clvertalb\cellx6098\clvertalb\cellx6470\clvertalb\cellx7509\clvertalb\cellx7799\clvertalb\cellx8221\clvertalb\cellx9544\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx4239\clvertalb\cellx4529\clvertalb\cellx4973\clvertalb\cellx5808\clvertalb\cellx6098\clvertalb\cellx6470\clvertalb\cellx7509\clvertalb\cellx7799\clvertalb\cellx8221\clvertalb\cellx9544\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4239\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4529\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5808\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6098\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7510\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Balances without\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4239\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4529\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5808\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6098\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7510\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7800\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4239\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4529\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5808\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6098\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7510\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7800\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495
\pard\plain\intbl\cf1\f51\fs20\b\ql Statement of Operations\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc As Reported\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Effect of\plain\intbl\cf1\f51\fs20\b\qc Change\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc adoption of ASC\plain\intbl\cf1\f51\fs20\b\qc 606\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4239\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4529\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5808\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6098\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7510\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7800\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4239\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4529\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4973\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6098\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6470\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7509\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8221\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Net sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 93,641\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 517\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 94,158\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4239\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4529\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4973\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6098\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6470\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7509\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8221\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx4239\clvertalb\cellx4529\clvertalb\cellx4973\clvertalb\cellx5808\clvertalb\cellx6098\clvertalb\cellx6470\clvertalb\cellx7509\clvertalb\cellx7799\clvertalb\cellx8221\clvertalb\cellx9544\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Income before income tax expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10,691\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 517\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,208\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx4239\clvertalb\cellx4529\clvertalb\cellx4973\clvertalb\cellx5808\clvertalb\cellx6098\clvertalb\cellx6470\clvertalb\cellx7509\clvertalb\cellx7799\clvertalb\cellx8221\clvertalb\cellx9544\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4239\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4529\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4973\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6098\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6470\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7509\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8221\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Income tax expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,226\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 116\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,342\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4239\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4529\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4973\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6098\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6470\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7509\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8221\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx4239\clvertalb\cellx4529\clvertalb\cellx4973\clvertalb\cellx5808\clvertalb\cellx6098\clvertalb\cellx6470\clvertalb\cellx7509\clvertalb\cellx7799\clvertalb\cellx8221\clvertalb\cellx9544\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Net income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,465\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 401\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,866\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx4239\clvertalb\cellx4529\clvertalb\cellx4973\clvertalb\cellx5808\clvertalb\cellx6098\clvertalb\cellx6470\clvertalb\cellx7509\clvertalb\cellx7799\clvertalb\cellx8221\clvertalb\cellx9544\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following table summarizes the impact of ASU 2014-09 on the Company\u8217?s Condensed Consolidated\plain\cf1\f51\fs20\qj Balance Sheet as of September 30, 2018:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalb\cellx4178\clvertalb\cellx4468\clvertalb\cellx4912\clvertalb\cellx5766\clvertalb\cellx6056\clvertalb\cellx6428\clvertalb\cellx7502\clvertalb\cellx7792\clvertalb\cellx8214\clvertalb\cellx9544\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx4178\clvertalb\cellx4468\clvertalb\cellx4912\clvertalb\cellx5766\clvertalb\cellx6056\clvertalb\cellx6428\clvertalb\cellx7502\clvertalb\cellx7792\clvertalb\cellx8214\clvertalb\cellx9544\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4178\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4468\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5767\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6057\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7504\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7794\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Balances without\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\b\ql Balance Sheet\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc As Reported\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Effect of\plain\intbl\cf1\f51\fs20\b\qc Change\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc adoption of ASC\plain\intbl\cf1\f51\fs20\b\qc 606\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Accrued expenses and other current liabilities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 29,555\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (4,385)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 25,170\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Income taxes\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,626\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,054\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,680\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4178\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4468\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4912\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5766\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6056\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6428\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7792\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Accumulated deficit\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (56,343)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,492\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (52,851)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4178\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4468\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4912\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5766\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6056\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6428\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7792\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\sb220\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Recently Issued Accounting Standards\plain\cf1\f51\fs20\qj \u8212? In August 2018, the FASB issued ASU 2018-13,\plain\cf1\f51\fs20\i\qj Fair Value\plain\cf1\f51\fs20\i\qj Measurement (Topic 820): Disclosure Framework\u8212?Changes to the Disclosure Requirements for Fair Value\plain\cf1\f51\fs20\i\qj Measurement\plain\cf1\f51\fs20\qj . This guidance modifies the disclosure requirements on fair value measurements in Topic 820 by\plain\cf1\f51\fs20\qj removing disclosures regarding transfers between Level 1 and Level 2 of the fair value hierarchy, by modifying the\plain\cf1\f51\fs20\qj measurement uncertainty disclosure, and by requiring additional disclosures for Level 3 fair value measurements,\plain\cf1\f51\fs20\qj among others. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal\plain\cf1\f51\fs20\qj years, beginning after December 15, 2019. The Company is currently evaluating the effect that the adoption of this\plain\cf1\f51\fs20\qj new guidance is expected to have on our financial position or results of operations and related disclosures.\par\pard\plain\sb528\cf1\f51\fs20\qc 9\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In June\~2018, the FASB issued ASU 2018-07\plain\cf1\f51\fs20\i\qj ,\~Compensation\u8212?Stock Compensation (Topic 718):\plain\cf1\f51\fs20\i\qj Improvements to Nonemployee Share-Based Payment Accounting\plain\cf1\f51\fs20\qj . This guidance provides clarity and reduces\plain\cf1\f51\fs20\qj complexity when applying the guidance in Topic 718,\plain\cf1\f51\fs20\i\qj Compensation\u8212?Stock Compensation\plain\cf1\f51\fs20\qj to the term or\plain\cf1\f51\fs20\qj condition of share-based payments to nonemployees. ASU 2018-07 is effective for annual reporting periods, and\plain\cf1\f51\fs20\qj interim periods therein, beginning after December\~15, 2018. The Company is currently evaluating the effect that the\plain\cf1\f51\fs20\qj adoption of this new guidance is expected to have on our financial position or results of operations and related\plain\cf1\f51\fs20\qj disclosures. This guidance will be adopted for the fiscal year beginning July 1, 2019.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In January\~2017, the FASB issued ASU\~2017-04\plain\cf1\f51\fs20\i\qj ,\~Intangibles\u8212?Goodwill and Other (Topic 350): Simplifying\plain\cf1\f51\fs20\i\qj the Test for Goodwill Impairment.\plain\cf1\f51\fs20\qj This guidance eliminates Step 2 from the goodwill impairment test. Instead, an\plain\cf1\f51\fs20\qj entity should recognize an impairment charge for the amount by which the carrying value exceeds the reporting\plain\cf1\f51\fs20\qj unit\u8217?s fair value, not to exceed the total amount of goodwill allocated to that reporting unit. ASU 2017-04 is\plain\cf1\f51\fs20\qj effective for annual reporting periods, and interim periods therein, beginning after December\~15, 2019. The\plain\cf1\f51\fs20\qj Company is currently evaluating the effect that the adoption of this new guidance is expected to have on its\plain\cf1\f51\fs20\qj financial position or results of operations and related disclosures.\par\pard\plain\sb264\cf1\f51\fs20\qj In February 2016, the FASB issued ASU 2016-02,\plain\cf1\f51\fs20\i\qj Leases\plain\cf1\f51\fs20\qj \~\plain\cf1\f51\fs20\i\qj (Topic 842)\plain\cf1\f51\fs20\qj . This guidance establishes a right-of-use\plain\cf1\f51\fs20\qj (\u8220?ROU\u8221?) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet\plain\cf1\f51\fs20\qj for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with\plain\cf1\f51\fs20\qj classification affecting the pattern of expense recognition in the income statement. The new standard is effective for\plain\cf1\f51\fs20\qj fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified\plain\cf1\f51\fs20\qj retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into\plain\cf1\f51\fs20\qj after, the beginning of the earliest comparative period presented in the financial statements, with certain practical\plain\cf1\f51\fs20\qj expedients available. In July 2018, the FASB issued ASU 2018-11 providing for an additional transition method by\plain\cf1\f51\fs20\qj allowing entities to initially apply the new leases standard at the adoption date and recognize a cumulative-effect\plain\cf1\f51\fs20\qj adjustment to the opening balance of retained earnings. The Company is currently evaluating the impact this new\plain\cf1\f51\fs20\qj guidance is expected to have on its financial position or results of operations and related disclosures.\par\pard\plain\sb220\cf1\f51\fs20\qj \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 3.REVENUE RECOGNITION\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following table presents the Company\u8217?s revenue by major product categories for the three months ended\plain\cf1\f51\fs20\qj September 30, 2018:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Total\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\b\ql Major Product Categories\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\li132\cf1\f51\fs20\ql Boats and trailers\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 72,376\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 17,123\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 89,499\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\li132\cf1\f51\fs20\ql Parts\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,581\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 280\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,861\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\li132\cf1\f51\fs20\ql Other revenue\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 277\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~4\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 281\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5178\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5468\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6051\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6873\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7163\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7674\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8343\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8633\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8905\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Total\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 76,234\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 17,407\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 93,641\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5178\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5468\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6051\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6873\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7163\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7674\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8343\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8633\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8905\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company recognizes revenue when obligations under the terms of a contract are satisfied and control over\plain\cf1\f51\fs20\qj promised goods is transferred to a customer. For the majority of sales, this occurs when the product is released to\plain\cf1\f51\fs20\qj the carrier responsible for transporting it to a customer. The Company typically receives payment within 5 days of\plain\cf1\f51\fs20\qj shipment. Revenue\par\pard\plain\sb528\cf1\f51\fs20\qc 10\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj is measured as the amount of consideration it expects to receive in exchange for a product. The consideration\plain\cf1\f51\fs20\qj recognized represents the amount specified in a contract with a customer, net of estimated dealer and retail sales\plain\cf1\f51\fs20\qj incentives we reasonably expect to pay. The estimated liability and reduction in revenue for sales incentives is\plain\cf1\f51\fs20\qj recorded at the time of sale. We estimate the amount of sales incentives based on historical data for specific boat\plain\cf1\f51\fs20\qj models adjusted for forecasted sales volume, product mix, customer behavior and assumptions concerning market\plain\cf1\f51\fs20\qj conditions. Subsequent adjustments to incentive estimates are possible as facts and circumstances change over time.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj A contract liability is created when customers prepay for goods prior to the Company transferring those goods to\plain\cf1\f51\fs20\qj the customer. The contract liability is reduced once control of the goods is transferred to the customer. The\plain\cf1\f51\fs20\qj difference between the opening and closing balances of the Company's contract liabilities primarily results from the\plain\cf1\f51\fs20\qj timing difference between the Company's performance and the point at which we receive pre-payment from the\plain\cf1\f51\fs20\qj customer.\~The Company\u8217?s contract liabilities were $1,214 and $2,194 as of September 30, 2018 and June 30,\plain\cf1\f51\fs20\qj 2018, respectively and are classified as \u8220?Accrued expenses and other current liabilities\u8221? in its\plain\cf1\f51\fs20\qj Condensed Consolidated Balance Sheets.\~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company has excluded sales and other taxes assessed by a governmental authority in connection with\plain\cf1\f51\fs20\qj revenue-producing activities from the determination of the transaction price for all contracts. The Company has\plain\cf1\f51\fs20\qj elected to account for shipping and handling costs associated with outbound freight after control over a product has\plain\cf1\f51\fs20\qj transferred to a customer as a fulfillment cost that are included in cost of sales. As contracts are fulfilled within one\plain\cf1\f51\fs20\qj year from the date of the contract, revenue adjustments for a potential financing component or the costs to obtain\plain\cf1\f51\fs20\qj the contract are not made. The Company applied the practical expedient in ASU 2014-09 and has not disclosed\plain\cf1\f51\fs20\qj information about remaining performance obligations that have original expected durations of 12 months or less.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs20\b\qj 4. ACQUISITION\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 2, 2017, the Company completed its acquisition of NauticStar which unites two leading and\plain\cf1\f51\fs20\qj complementary boat brands and adds to its product diversity. The purchase price was $80,511, including customary\plain\cf1\f51\fs20\qj adjustments for the amount of working capital in the acquired business at the closing date. A portion of the\plain\cf1\f51\fs20\qj purchase price was deposited into an escrow account in order to secure certain post-closing obligations of the\plain\cf1\f51\fs20\qj former members of NauticStar. The Company accounted for the transaction using the acquisition method in\plain\cf1\f51\fs20\qj accordance with ASC 805,\plain\cf1\f51\fs20\i\qj Business Combinations\plain\cf1\f51\fs20\qj .\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The total consideration has been allocated to the assets acquired and liabilities assumed based on estimates of their\plain\cf1\f51\fs20\qj fair values as of the date of acquisition. The Company has recorded the tangible and intangible assets acquired and\plain\cf1\f51\fs20\qj liabilities assumed based on their fair values as of October 2, 2017. The measurements of fair value were based\plain\cf1\f51\fs20\qj upon estimates utilizing the assistance of third party valuation specialists.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following table summarizes the purchase price allocation based on the estimated fair values of the assets\plain\cf1\f51\fs20\qj acquired and liabilities assumed of NauticStar at the acquisition date:\par\pard\plain\cf1\f51\fs20\ql \~
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs20\b\ql Purchase Price:\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Cash paid, net of cash acquired\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 80,511\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
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\par\pard\plain\pard\plain\sb528\cf1\f51\fs20\qc 11\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs20\b\ql Recognized amounts of identifiable assets acquired and (liabilities assumed), at\plain\intbl\cf1\f51\fs20\b\ql fair value:\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Accounts receivable\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,773\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Inventories\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 6,358\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Other current assets\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 94\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Indemnification asset\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 166\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Deferred income taxes\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 83\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Property, plant and equipment\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,945\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Identifiable intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 36,000\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
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{\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Current liabilities\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (4,858)\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Unrecognized tax positions\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (249)\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Fair value of assets acquired and liabilities assumed\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 44,312\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Goodwill\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 36,199\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx7023\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7458\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9444\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 80,511\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx7023\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7458\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9444\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Pro Forma Financial Information:\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following unaudited pro forma consolidated results of operations for the three months ended October 1, 2017\plain\cf1\f51\fs20\qj assumes that the acquisition of NauticStar occurred as of July 1, 2017. The unaudited pro forma financial\plain\cf1\f51\fs20\qj information combines historical results of MasterCraft and NauticStar, with adjustments for depreciation and\plain\cf1\f51\fs20\qj amortization attributable to acquired tangible and intangible assets for the respective periods. Non-recurring pro\plain\cf1\f51\fs20\qj forma adjustments associated with the fair value step up of inventory were included in the reported pro forma cost\plain\cf1\f51\fs20\qj of sales and earnings. The unaudited pro forma financial information is presented for informational purposes only\plain\cf1\f51\fs20\qj and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at\plain\cf1\f51\fs20\qj the beginning of fiscal year 2018 or the results that may occur in the future:
\par\pard\plain
{\trowd\clvertalb\cellx7392\clvertalb\cellx7682\clvertalb\cellx8261\clvertalb\cellx9396\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx7392\clvertalb\cellx7682\clvertalb\cellx8261\clvertalb\cellx9396\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7392\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7682\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7392\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7682\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7392\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7682\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc October\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7392\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7682\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7682\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8261\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Net sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 83,118\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7682\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8261\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx7392\clvertalb\cellx7682\clvertalb\cellx8261\clvertalb\cellx9396\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Net income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 6,495\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\clvertalb\cellx7392\clvertalb\cellx7682\clvertalb\cellx8261\clvertalb\cellx9396\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7682\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8261\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Basic earnings per share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.35\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7682\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8261\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx7392\clvertalb\cellx7682\clvertalb\cellx8261\clvertalb\cellx9396\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Diluted earnings per share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.35\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx7392\clvertalb\cellx7682\clvertalb\cellx8261\clvertalb\cellx9396\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 5.INVENTORIES\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Inventories consisted of the following:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\trqc\clvertalb\cellx4836\clvertalb\cellx5026\clvertalb\cellx5906\clvertalb\cellx7211\clvertalb\cellx7501\clvertalb\cellx8326\clvertalb\cellx9545\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4836\clvertalb\cellx5026\clvertalb\cellx5906\clvertalb\cellx7211\clvertalb\cellx7501\clvertalb\cellx8326\clvertalb\cellx9545\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4836\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7212\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7502\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~June\~30,\~2018\~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{
{\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4836\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7212\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7502\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5906\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7211\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7501\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Raw materials and supplies\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,311\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 9,587\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5906\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7211\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7501\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx4836\clvertalb\cellx5026\clvertalb\cellx5906\clvertalb\cellx7211\clvertalb\cellx7501\clvertalb\cellx8326\clvertalb\cellx9545\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Work in process\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,138\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,822\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4836\clvertalb\cellx5026\clvertalb\cellx5906\clvertalb\cellx7211\clvertalb\cellx7501\clvertalb\cellx8326\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5906\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7211\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7501\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Finished goods\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,261\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 9,026\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5906\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7211\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7501\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx4836\clvertalb\cellx5026\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5906\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7211\clvertalb\cellx7501\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8326\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Obsolescence reserve\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (981)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (968)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4836\clvertalb\cellx5026\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5906\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7211\clvertalb\cellx7501\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8326\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5026\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5906\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7211\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7501\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8326\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total inventories\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,729\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,467\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5026\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5906\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7211\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7501\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8326\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 12\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 6. PREPAID EXPENSES AND OTHER CURRENT ASSETS\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Prepaid expenses and other current assets consisted of the following:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\trqc\clvertalb\cellx4822\clvertalb\cellx5012\clvertalb\cellx5892\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4822\clvertalb\cellx5012\clvertalb\cellx5892\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4822\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5012\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7206\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7496\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~June\~30,\~2018\~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{
{\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4822\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5012\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7206\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7496\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4822\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5012\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5892\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Prepaid photo shoot\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 747\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 273\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4822\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5012\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5892\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx4822\clvertalb\cellx5012\clvertalb\cellx5892\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Insurance\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 637\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 974\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4822\clvertalb\cellx5012\clvertalb\cellx5892\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4822\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5012\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5892\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Trade show deposits\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 204\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 111\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4822\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5012\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5892\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx4822\clvertalb\cellx5012\clvertalb\cellx5892\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Interest rate cap\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 527\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 525\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4822\clvertalb\cellx5012\clvertalb\cellx5892\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4822\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5012\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5892\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,472\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,412\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4822\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5012\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5892\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx4822\clvertalb\cellx5012\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5892\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7205\clvertalb\cellx7495\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8320\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total prepaid expenses and other current assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,587\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,295\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4822\clvertalb\cellx5012\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5892\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7205\clvertalb\cellx7495\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8320\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 7.ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Accrued expenses and other current liabilities consisted of the following:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clvertalb\cellx5911\clvertalb\cellx7214\clvertalb\cellx7504\clvertalb\cellx8329\clvertalb\cellx9546\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clvertalb\cellx5911\clvertalb\cellx7214\clvertalb\cellx7504\clvertalb\cellx8329\clvertalb\cellx9546\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4841\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5031\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7215\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7505\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~June\~30,\~2018\~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{
{\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4841\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5031\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7215\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7505\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4841\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5031\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5911\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8329\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Warranty\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 13,454\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 13,077\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4841\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5031\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5911\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8329\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clvertalb\cellx5911\clvertalb\cellx7214\clvertalb\cellx7504\clvertalb\cellx8329\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Self-insurance\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 749\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 703\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clvertalb\cellx5911\clvertalb\cellx7214\clvertalb\cellx7504\clvertalb\cellx8329\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4841\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5031\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5911\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8329\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Compensation and related accruals\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,076\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,995\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4841\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5031\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5911\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8329\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clvertalb\cellx5911\clvertalb\cellx7214\clvertalb\cellx7504\clvertalb\cellx8329\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Inventory repurchase contingent obligation\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,202\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,274\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clvertalb\cellx5911\clvertalb\cellx7214\clvertalb\cellx7504\clvertalb\cellx8329\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4841\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5031\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5911\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8329\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Interest\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,472\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4841\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5031\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5911\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8329\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clvertalb\cellx5911\clvertalb\cellx7214\clvertalb\cellx7504\clvertalb\cellx8329\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Dealer incentives\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,408\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,628\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clvertalb\cellx5911\clvertalb\cellx7214\clvertalb\cellx7504\clvertalb\cellx8329\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4841\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5031\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5911\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8329\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,666\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,717\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4841\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5031\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5911\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7214\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7504\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8329\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5911\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7214\clvertalb\cellx7504\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8329\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total accrued expenses and other current liabilities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 29,555\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 27,866\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx4841\clvertalb\cellx5031\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5911\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7214\clvertalb\cellx7504\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8329\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql The following table provides a roll forward of the accrued warranty liability:
\par\pard\plain
{\trowd\clvertalb\cellx7871\clvertalb\cellx8088\clvertalb\cellx8305\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx7871\clvertalb\cellx8088\clvertalb\cellx8305\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7871\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8088\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8305\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7871\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8088\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8305\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8305\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Beginning balance - June 30, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 13,077\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8305\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx7871\clvertalb\cellx8088\clvertalb\cellx8305\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Provisions\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,769\cell{
{\trowd\clvertalb\cellx7871\clvertalb\cellx8088\clvertalb\cellx8305\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8305\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Payments made\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,249)\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8305\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx7871\clvertalb\cellx8088\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8305\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Adjustments to preexisting warranties\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 857\cell{
{\trowd\clvertalb\cellx7871\clvertalb\cellx8088\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8305\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8088\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8305\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Ending balance - September 30, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 13,454\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8088\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8305\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 8. GOODWILL AND OTHER INTANGIBLE ASSETS\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj The carrying amounts of goodwill as of September 30, 2018 and June 30, 2018, by the Company\u8217?s\plain\cf1\f51\fs20\qj reportable segments, were as follows:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalb\cellx5071\clvertalb\cellx5261\clvertalb\cellx6141\clvertalb\cellx7400\clvertalb\cellx7690\clvertalb\cellx8515\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx5071\clvertalb\cellx5261\clvertalb\cellx6141\clvertalb\cellx7400\clvertalb\cellx7690\clvertalb\cellx8515\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5071\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5261\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7401\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7691\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~June\~30,\~2018\~\~\~\~\cell{
{\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5071\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5261\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7401\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7691\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh264\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5071\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5261\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6141\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7690\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Goodwill attributable to MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 29,593\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 29,593\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5071\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5261\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6141\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7690\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx5071\clvertalb\cellx5261\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6141\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7400\clvertalb\cellx7690\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8515\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Goodwill attributable to NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 36,199\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 36,199\cell{
{\trowd\clvertalb\cellx5071\clvertalb\cellx5261\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6141\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7400\clvertalb\cellx7690\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8515\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5071\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5261\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6141\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7690\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8515\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total goodwill\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 65,792\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 65,792\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5071\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5261\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6141\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7690\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8515\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 13\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb220\cf1\f51\fs20\qj As of September 30, 2018, and June 30, 2018, details of the Company\u8217?s intangible assets other than goodwill\plain\cf1\f51\fs20\qj were as follows:\par\pard\plain\sb220\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clvertalb\cellx5478\clvertalb\cellx6227\clvertalb\cellx6517\clvertalb\cellx7134\clvertalb\cellx8067\clvertalb\cellx8357\clvertalb\cellx8796\clvertalb\cellx9545\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clvertalb\cellx5478\clvertalb\cellx6227\clvertalb\cellx6517\clvertalb\cellx7134\clvertalb\cellx8067\clvertalb\cellx8357\clvertalb\cellx8796\clvertalb\cellx9545\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc September 30, 2018\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7134\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Gross\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Net\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7134\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Carrying\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Accumulated\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Carrying\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amortization\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4749\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6227\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Dealer network\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (3,074)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,516\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4749\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6227\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6227\clvertalb\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total amortizable intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (3,074)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,516\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6227\clvertalb\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4749\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6227\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Trade names\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 32,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 32,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4749\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6227\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5478\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6227\clvertalb\cellx6517\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7134\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8357\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8796\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 53,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (3,074)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 50,516\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5478\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6227\clvertalb\cellx6517\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7134\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8357\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8796\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~
\par\pard\plain
{\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clvertalb\cellx5462\clvertalb\cellx6215\clvertalb\cellx6507\clvertalb\cellx7124\clvertalb\cellx8063\clvertalb\cellx8353\clvertalb\cellx8792\clvertalb\cellx9545\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clvertalb\cellx5462\clvertalb\cellx6215\clvertalb\cellx6507\clvertalb\cellx7124\clvertalb\cellx8063\clvertalb\cellx8353\clvertalb\cellx8792\clvertalb\cellx9545\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June\~30, 2018\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7126\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Gross\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Net\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7126\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Carrying\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Accumulated\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Carrying\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4880\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6215\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8063\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Dealer network\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,544)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 19,046\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4880\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6215\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8063\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6215\clvertalb\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8063\clvertalb\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total amortizable intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,544)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 19,046\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6215\clvertalb\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8063\clvertalb\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4880\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6215\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8063\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Trade names\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 32,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 32,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4880\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6215\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8063\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5462\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6215\clvertalb\cellx6507\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7124\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8063\clvertalb\cellx8353\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8792\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 53,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (2,544)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 51,046\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5462\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6215\clvertalb\cellx6507\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7124\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8063\clvertalb\cellx8353\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8792\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}\pard\plain\sb220\cf1\f51\fs20\qj Amortization expense recognized on all amortizable intangibles was $530 and $27 for the three months ended\plain\cf1\f51\fs20\qj September 30, 2018 and October 1, 2017, respectively.\par\pard\plain\sb220\cf1\f51\fs20\qj The estimated future amortization of definite-lived intangible assets is as follows:
\par\pard\plain
{\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7307\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7487\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7721\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9505\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\b\ql Fiscal years ending June 30,\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7307\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7487\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7721\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9505\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Remainder of 2019\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,577\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj 2020\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,107\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj 2021\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,107\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj 2022\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,107\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj 2023\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,107\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7721\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9505\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql and thereafter\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,511\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7721\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9505\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,516\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 9. FAIR VALUE MEASUREMENTS\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the\plain\cf1\f51\fs20\qj principal or most advantageous market for the asset or liability in an orderly transaction between market participants\plain\cf1\f51\fs20\qj on the measurement date. There are three levels of inputs that may be used to measure fair values:\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Level\~1\~\u8212? Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the\plain\cf1\f51\fs20\qj ability to access as of the measurement date.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 14\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj Level\~2\~\u8212? Significant other observable inputs other than Level\~1 prices such as quoted prices for similar assets\plain\cf1\f51\fs20\qj or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated\plain\cf1\f51\fs20\qj by observable market data.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Level\~3\~\u8212? Significant unobservable inputs that reflect a company\u8217?s own assumptions about the\plain\cf1\f51\fs20\qj assumptions that market participants would use in pricing an asset or liability.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj When determining the fair value measurements for assets or liabilities required or permitted to be recorded at and/or\plain\cf1\f51\fs20\qj marked to fair value, the Company considers the principal or most advantageous market in which it would transact\plain\cf1\f51\fs20\qj and considers assumptions that market participants would use when pricing the asset or liability. When possible, the\plain\cf1\f51\fs20\qj Company looks to active and observable markets to price identical assets. When identical assets are not traded in\plain\cf1\f51\fs20\qj active markets, the Company looks to market observable data for similar assets.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following tables summarize the basis used to measure certain financial assets and liabilities at fair value on a\plain\cf1\f51\fs20\qj recurring basis in the consolidated balance sheets:
\par\pard\plain
{\trowd\trqc\clvertalb\cellx5278\clvertalb\cellx5540\clvertalb\cellx5902\clvertalb\cellx6686\clvertalb\cellx7048\clvertalb\cellx7410\clvertalb\cellx8034\clvertalb\cellx8396\clvertalb\cellx8758\clvertalb\cellx9542\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5278\clvertalb\cellx5540\clvertalb\cellx5902\clvertalb\cellx6686\clvertalb\cellx7048\clvertalb\cellx7410\clvertalb\cellx8034\clvertalb\cellx8396\clvertalb\cellx8758\clvertalb\cellx9542\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5278\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5540\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5278\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5540\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5278\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5540\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~Fair\~Value\~Measurements\~Using\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5278\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5540\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5278\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5540\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7049\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8036\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8398\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~2\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~3\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5278\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5540\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6687\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7049\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8036\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8398\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5278\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5540\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5902\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6686\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7048\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7410\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8034\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8758\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Asset\~\u8212? interest rate cap\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 527\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5278\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5540\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5902\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6686\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7048\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7410\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8034\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8758\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~
\par\pard\plain
{\trowd\clvertalb\cellx5299\clvertalb\cellx5589\clvertalb\cellx5951\clvertalb\cellx6685\clvertalb\cellx7047\clvertalb\cellx7409\clvertalb\cellx8034\clvertalb\cellx8396\clvertalb\cellx8758\clvertalb\cellx9542\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx5299\clvertalb\cellx5589\clvertalb\cellx5951\clvertalb\cellx6685\clvertalb\cellx7047\clvertalb\cellx7409\clvertalb\cellx8034\clvertalb\cellx8396\clvertalb\cellx8758\clvertalb\cellx9542\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5299\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5299\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5299\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~Fair\~Value\~Measurements\~Using\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5299\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5299\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6686\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7048\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8036\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8398\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9544\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~2\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~3\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5299\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6686\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7048\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8036\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8398\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9544\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5951\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6685\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7409\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8034\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8758\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Asset\~\u8212? interest rate cap\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 525\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5951\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6685\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7409\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8034\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8758\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj The interest rate cap is valued utilizing pricing models taking into account inputs such as interest rates and notional\plain\cf1\f51\fs20\qj amounts. In November 2017, the Company entered into an interest rate cap agreement with its existing lender to\plain\cf1\f51\fs20\qj cap its London Interbank Offered Rate (\u8220?LIBOR\u8221?) at 2% for $34,594 of outstanding principal on its\plain\cf1\f51\fs20\qj long-term debt. Fair value measurements for the Company\u8217?s interest rate cap are classified under Level 2\plain\cf1\f51\fs20\qj because such measurements are based on significant other observable inputs. There were no transfers of assets or\plain\cf1\f51\fs20\qj liabilities between Level 1 and Level 2 during the three months ended September 30, 2018.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb264\cf1\f51\fs20\b\qj 10. LONG-TERM DEBT\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Long-term debt outstanding is as follows:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalb\cellx5051\clvertalb\cellx5241\clvertalb\cellx6122\clvertalb\cellx7370\clvertalb\cellx7560\clvertalb\cellx8385\clvertalb\cellx9546\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalb\cellx5051\clvertalb\cellx5241\clvertalb\cellx6122\clvertalb\cellx7370\clvertalb\cellx7560\clvertalb\cellx8385\clvertalb\cellx9546\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5051\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5241\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7370\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7560\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~June\~30,\~2018\~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{
{\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5051\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5241\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7370\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7560\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8385\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Revolving credit facility\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8385\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx5051\clvertalb\cellx5241\clvertalb\cellx6122\clvertalb\cellx7370\clvertalb\cellx7560\clvertalb\cellx8385\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Senior secured term loan\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 75,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 76,656\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx5051\clvertalb\cellx5241\clvertalb\cellx6122\clvertalb\cellx7370\clvertalb\cellx7560\clvertalb\cellx8385\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5241\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8385\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Debt issuance costs on term loan\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,395)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,500)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5241\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8385\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx5051\clvertalb\cellx5241\clvertalb\cellx6122\clvertalb\cellx7370\clvertalb\cellx7560\clvertalb\cellx8385\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Total debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 73,605\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 75,156\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx5051\clvertalb\cellx5241\clvertalb\cellx6122\clvertalb\cellx7370\clvertalb\cellx7560\clvertalb\cellx8385\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8385\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Less current portion of long-term debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 5,921\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 5,475\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7560\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8385\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalb\cellx5051\clvertalb\cellx5241\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6122\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7370\clvertalb\cellx7560\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Less current portion of debt issuance costs on term loan\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (400)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (406)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\cellx5051\clvertalb\cellx5241\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6122\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7370\clvertalb\cellx7560\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8385\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5241\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7560\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8385\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\qj Long-term debt\~\u8212? less current portion\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 68,084\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 70,087\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5241\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7560\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8385\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 15\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 2, 2017, the Company entered into a Third Amended and Restated Credit and Guaranty Agreement with\plain\cf1\f51\fs20\qj Fifth Third Bank, as the agent and letter of credit issuer, and the lenders party thereto (the \u8220?Third Amended\plain\cf1\f51\fs20\qj Credit Agreement\u8221?). The Third Amended Credit Agreement replaced and paid off the Company\u8217?s\plain\cf1\f51\fs20\qj Second Amended and Restated Credit Agreement, dated May 27, 2016. The Third Amended Credit Agreement\plain\cf1\f51\fs20\qj provides the Company with a $145,000 senior secured credit facility, consisting of a $115,000 term loan (the\plain\cf1\f51\fs20\qj \u8220?Third Term Loan\u8221?) and a $30,000 revolving credit facility (the \u8220?Revolving Credit\plain\cf1\f51\fs20\qj Facility\u8221?).\par\pard\plain\cf1\f51\fs20\qj \~ \~\par\pard\plain\cf1\f51\fs20\qj The Third Amended Credit Agreement bears interest, at the Company\u8217?s option, at either the prime rate plus\plain\cf1\f51\fs20\qj an applicable margin ranging from 0.75% to 1.75% or at an adjusted LIBOR rate plus an applicable margin ranging\plain\cf1\f51\fs20\qj from 1.75% to 2.75%, in each case based on the Company\u8217?s senior leverage ratio. Based on the\plain\cf1\f51\fs20\qj Company\u8217?s current senior leverage ratio, the applicable margin for loans accruing interest at the prime rate is\plain\cf1\f51\fs20\qj 1.00% and the applicable margin for loans accruing interest at LIBOR is 2.00%. The Third Term Loan will mature\plain\cf1\f51\fs20\qj and all remaining amounts outstanding thereunder will be due and payable on October 2, 2022. During the three\plain\cf1\f51\fs20\qj months ended September 30, 2018, the Company made voluntary payments on the Third Term Loan of $660 out of\plain\cf1\f51\fs20\qj excess cash. As of September\~30,\~2018 and June\~30, 2018, the Company\u8217?s unamortized deferred financing\plain\cf1\f51\fs20\qj costs related to the Third Term Loan were $1,395 and $1,499, respectively. These costs are being amortized over\plain\cf1\f51\fs20\qj the term of the Third Amended Credit Agreement. The Company was in compliance with all of its debt covenants\plain\cf1\f51\fs20\qj under its Third Amended Credit Agreement.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj As of September\~30,\~2018, the Company had no borrowings outstanding on its Revolving Credit Facility. As of\plain\cf1\f51\fs20\qj September 30, 2018 and June 30, 2018, the Company had net availability of $30,000. The Company\u8217?s\plain\cf1\f51\fs20\qj unamortized deferred financing costs on its Revolving Credit Facility were $361 and $383 as of September\~30,\~2018\plain\cf1\f51\fs20\qj and June\~30, 2018, respectively.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 1, 2018, the Company entered into the Fourth Amended Credit Agreement (as defined herein). See\plain\cf1\f51\fs20\qj Note 15.\par\pard\plain\sb264\cf1\f51\fs20\b\qj \~\par\pard\plain\sb264\cf1\f51\fs20\b\qj 11. INCOME TAXES\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company\u8217?s consolidated interim effective tax rate is based on a current estimate of the annual effective\plain\cf1\f51\fs20\qj income tax rate adjusted to reflect the impact of discrete items.\~\~During the three months ended September 30, 2018,\plain\cf1\f51\fs20\qj the Company\u8217?s effective tax rate was 20.8%.\~\~The differences in the Company\u8217?s effective tax rate in\plain\cf1\f51\fs20\qj comparable historical periods presented and the statutory federal tax rate of 21% primarily relate to a permanent\plain\cf1\f51\fs20\qj benefit associated with the foreign derived intangible income deduction and the inclusion of the state tax rate in the\plain\cf1\f51\fs20\qj overall effective rate. The Company\u8217?s consolidated interim effective tax rate for the three months ended\plain\cf1\f51\fs20\qj September 30, 2018 is lower compared the 33.4% effective tax rate for the three months ended October 1, 2017,\plain\cf1\f51\fs20\qj primarily due to the enactment of the Tax Cuts and Jobs Act.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 16\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\b\qj 12. EARNINGS PER SHARE\par\pard\plain\cf1\f51\fs16\qj \~\par\pard\plain\cf1\f51\fs20\qj The following table sets forth the computation of the Company\u8217?s earnings per share:\par\pard\plain\cf1\f51\fs16\qj \~
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc October\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Net income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,465\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,046\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Weighted average common shares\~\u8212? basic\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,646,039\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,615,100\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Dilutive effect of assumed exercises of stock options\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 52,353\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 30,943\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Dilutive effect of assumed restricted share awards\units\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 70,372\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 40,583\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Weighted average outstanding shares\~\u8212? diluted\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,768,764\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,686,626\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Basic earnings per share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.45\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.38\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Diluted earnings per share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.45\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.38\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4653\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4943\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5824\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7434\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8153\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9266\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9556\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qj For the three months ended September\~30,\~2018 and October 1, 2017, there were no anti-dilutive weighted average\plain\cf1\f51\fs20\qj shares to be excluded from the computation of diluted earnings per share.\par\pard\plain\cf1\f51\fs20\qj \~{\*\bkmkstart _hlk480964373_12540826}{\*\bkmkend _hlk480964373_12540826}\par\pard\plain\sb264\cf1\f51\fs20\b\qj 13.STOCK-BASED COMPENSATION\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj During fiscal year ended June 30, 2015 the Company adopted the Amended and Restated MCBC Holdings,\~Inc.\plain\cf1\f51\fs20\qj 2015 Incentive Award Plan (\u8220?2015 Plan\u8221?) in order to facilitate the grant of cash and equity incentives\plain\cf1\f51\fs20\qj to non-employee directors, employees, and consultants of the Company and certain of its affiliates and to enable the\plain\cf1\f51\fs20\qj Company and certain of its affiliates to obtain and retain the services of these individuals, which is essential to our\plain\cf1\f51\fs20\qj long-term success. In July 2015, the Board amended and restated the Company\u8217?s 2015 Plan which became\plain\cf1\f51\fs20\qj effective just prior to the closing of the Company\u8217?s initial public offering to increase the shares available for\plain\cf1\f51\fs20\qj issuance under the 2015 Plan.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In July 2018, the Company granted to certain employees 31,207 shares of restricted stock awards\plain\cf1\f51\fs20\qj (\u8220?RSAs\u8221?) under the 2015 Plan. The grant date fair value of these awards was $830, which is based on\plain\cf1\f51\fs20\qj the market value of the Company\u8217?s common stock on the grant date. The RSAs will vest in three equal\plain\cf1\f51\fs20\qj annual installments. In addition, the Company granted 12,414 RSAs under the 2015 Plan to certain non-employee\plain\cf1\f51\fs20\qj directors for their annual equity award at a per share fair value of $26.59. In August 2018, the Company granted\plain\cf1\f51\fs20\qj 262 of RSAs to certain employees under the 2015 Plan at a per share fair value of $25.27.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In August 2018, the Company granted 33,082 performance stock units (\u8220?PSUs\u8221?) under its 2015 Plan to\plain\cf1\f51\fs20\qj certain employees. The grant date fair value of these awards was $1,040, which is based on long-term market\plain\cf1\f51\fs20\qj performance targets using a Monte Carlo Simulation model, which considers the likelihood of all possible outcomes\plain\cf1\f51\fs20\qj and determines the number of shares expected to vest under each simulation and the expected stock price at that\plain\cf1\f51\fs20\qj level. The awards will be earned based upon the Company\u8217?s attainment of certain performance criteria over a\plain\cf1\f51\fs20\qj three-year period. The performance period for the awards is a three-year period commencing July\~1, 2018 and\plain\cf1\f51\fs20\qj ending June\~30, 2021.\~ Following the determination of the Company\u8217?s achievement with respect to the\plain\cf1\f51\fs20\qj performance criteria, the amount of shares awarded will be subject to adjustment based upon the application of a\plain\cf1\f51\fs20\qj total shareholder return (\u8220?TSR\u8221?) modifier.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj During the three months ended September 30, 2018 and October 1, 2017, the Company recognized $384 and $264,\plain\cf1\f51\fs20\qj respectively in stock-based compensation expense.\par\pard\plain\sb528\cf1\f51\fs20\qc 17\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb264\cf1\f51\fs20\b\qj 14.SEGMENT INFORMATION\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company designs, manufactures, and markets recreational premium performance sport boats and outboard boats\plain\cf1\f51\fs20\qj and has two operating and reportable segments: MasterCraft and NauticStar. The Company\u8217?s segments are\plain\cf1\f51\fs20\qj defined by management\u8217?s reporting structure, product brands, and distribution channels. The MasterCraft\plain\cf1\f51\fs20\qj product brand consists of recreational performance boats primarily used for water skiing, wakeboarding, wake\plain\cf1\f51\fs20\qj surfing, and general recreational boating. The Company distributes the MasterCraft product brand through its dealer\plain\cf1\f51\fs20\qj network. The NauticStar product brand consists of outboard boats primarily used for salt water fishing, and general\plain\cf1\f51\fs20\qj recreational boating. The Company distributes the NauticStar product brand through its dealer network. The\plain\cf1\f51\fs20\qj Company\u8217?s chief operating decision maker (\u8220?CODM\u8221?) regularly reviews the operating\plain\cf1\f51\fs20\qj performance of each product brand including measures of performance based on income from operations. The\plain\cf1\f51\fs20\qj Company considers each of the product brands to be an operating segment and has further concluded that presenting\plain\cf1\f51\fs20\qj disaggregated information of these two operating segments provides meaningful information as certain economic\plain\cf1\f51\fs20\qj characteristics are dissimilar as well as the characteristics of the customer base served.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Management evaluates performance based on business segment operating income. The Company files a consolidated\plain\cf1\f51\fs20\qj income tax return and does not allocate income taxes and other corporate level expenses including interest to\plain\cf1\f51\fs20\qj operating segments.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 18\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj The following tables present financial information for the Company\u8217?s reportable segments for the three\plain\cf1\f51\fs20\qj months ended September 30, 2018, and the Company\u8217?s financial position at September 30, 2018 and June\plain\cf1\f51\fs20\qj 30, 2018, respectively.\~All amounts for the three months ended October 1, 2017 pertain exclusively to the\plain\cf1\f51\fs20\qj MasterCraft segment.\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Three Months Ended September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Consolidated\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Net sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 76,234\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 17,407\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 93,641\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Cost of sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 55,023\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 15,415\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 70,438\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Operating income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,530\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 81\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,611\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\qj Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 805\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 630\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,435\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql As of\plain\intbl\cf1\f51\fs20\b\ql September\plain\intbl\cf1\f51\fs20\b\ql 30, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql As of\plain\intbl\cf1\f51\fs20\b\ql June\plain\intbl\cf1\f51\fs20\b\ql 30, 2018\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 95,357\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 89,058\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 86,889\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 87,866\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Total Assets\plain\intbl\cf1\f51\fs10\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 182,246\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 176,924\cell{
{\trowd\clvertalb\cellx7143\clvertalb\cellx7340\clvertalb\cellx7534\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8550\clvertalb\cellx8747\clvertalb\cellx8941\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\par\pard\plain
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (a)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Total assets as of September 30, 2018 and as of June 30, 2018 include goodwill of $29,593 and $36,199\plain\intbl\cf1\f51\fs20\qj related to MasterCraft and NauticStar, respectively.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj 15. SUBSEQUENT EVENTS\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Crest Acquisition\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 1, 2018, the Company completed the acquisition of Crest Marine LLC (\u8220?Crest\u8221?) for the\plain\cf1\f51\fs20\qj aggregate purchase price of approximately $80,000 (the \u8220?Acquisition\u8221?). The aggregate purchase price\plain\cf1\f51\fs20\qj is subject to certain customary adjustments for the amount of working capital in the business at the closing date. A\plain\cf1\f51\fs20\qj portion of the purchase price was deposited into escrow accounts in order to secure certain post-closing obligations\plain\cf1\f51\fs20\qj of the existing members. Due to the timing of the acquisition, the Company has not completed the valuation of\plain\cf1\f51\fs20\qj assets acquired or liabilities assumed.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Fourth Amended and Restated Credit Agreement\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 1, 2018, the Company and its wholly-owned subsidiaries (the \u8220?Borrowers\u8221?) entered into a\plain\cf1\f51\fs20\qj Fourth Amended and Restated Credit and Guaranty Agreement by and among the Borrowers, the Company, as a\plain\cf1\f51\fs20\qj guarantor, Fifth Third Bank, as the agent and letter of credit issuer, and the lenders party thereto (the \u8220?Fourth\plain\cf1\f51\fs20\qj Amended Credit Agreement\u8221?). The Fourth Amended Credit Agreement provides the Company with a\plain\cf1\f51\fs20\qj $190,000 senior secured credit facility, consisting of a $75,000 term loan, a $80,000 term loan (the \u8220?Fourth\plain\cf1\f51\fs20\qj Term Loans\u8221?) and a $35,000 revolving credit facility.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Fourth Amended Credit Agreement bears interest, at the Company\u8217?s option, at either the prime rate plus\plain\cf1\f51\fs20\qj an applicable margin ranging from 0.5% to 1.50% or at an adjusted LIBOR plus an applicable margin ranging from\plain\cf1\f51\fs20\qj 1.5% to 2.50%, in each case based on the Company\u8217?s senior leverage ratio. Based on the Company\u8217?s\plain\cf1\f51\fs20\qj current net leverage ratio, the applicable margin for loans accruing interest at the prime rate is 1.00% and the\plain\cf1\f51\fs20\qj applicable margin for loans accruing interest at LIBOR\par\pard\plain\sb528\cf1\f51\fs20\qc 19\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa330\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MASTERCRAFT BOAT HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj is 2.00%. In connection with the Fourth Amended Credit Agreement, the Company paid $808 of related fees. The\plain\cf1\f51\fs20\qj Fourth Term Loans will mature and all remaining amounts outstanding thereunder will be due and payable on\plain\cf1\f51\fs20\qj October\~1, 2023.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\li792\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 20\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj \~{\*\bkmkstart item_1_3_2}{\*\bkmkend item_1_3_2}\par\pard\plain\cf1\f51\fs20\b\qj ITEM 2.MANAGEMENT\u8217?S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND\plain\cf1\f51\fs20\b\qj RESULTS OF OPERATIONS.{\*\bkmkstart item2managementsdiscussionandana}{\*\bkmkend item2managementsdiscussionandana}\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj The following discussion and analysis should be read together with the unaudited condensed consolidated financial\plain\cf1\f51\fs20\i\qj statements and notes thereto included elsewhere in this Quarterly Report on Form 10-Q. In addition, the statements\plain\cf1\f51\fs20\i\qj in this discussion and analysis regarding industry outlook, our expectations regarding the performance of our\plain\cf1\f51\fs20\i\qj business, anticipated financial results, liquidity and the other non-historical statements are forward-looking\plain\cf1\f51\fs20\i\qj statements. These forward-looking statements are subject to numerous risks and uncertainties, including, but not\plain\cf1\f51\fs20\i\qj limited to, the successful integration of Crest Marine LLC into our business and the risks and uncertainties\plain\cf1\f51\fs20\i\qj described in \u8220?Cautionary Note Regarding Forward-Looking Statements\u8221? above and in \u8220?Risk\plain\cf1\f51\fs20\i\qj Factors\u8221? set forth in our Annual Report on Form 10-K for the fiscal year ended June 30, 2018. Our actual\plain\cf1\f51\fs20\i\qj results may differ materially from those contained in or implied by any forward-looking statements.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Overview\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj We are a world-renowned innovator, designer, manufacturer, and marketer of premium performance sport boats and\plain\cf1\f51\fs20\qj outboard boats, with a leading market position in the U.S., a strong international presence, and dealers in 46\plain\cf1\f51\fs20\qj countries around the world. Our boats are used for water skiing, wakeboarding, wake surfing, and fishing, as well as\plain\cf1\f51\fs20\qj general recreational boating. We operate in two reportable segments: MasterCraft and NauticStar. We believe that\plain\cf1\f51\fs20\qj MasterCraft is the most recognizable brand name in the performance sport boat category. NauticStar is a leading\plain\cf1\f51\fs20\qj manufacturer and distributor of high-quality outboard bay boats, deck boats and offshore center console boats.\plain\cf1\f51\fs20\qj NauticStar\u8217?s product portfolio provides diversification into the outboard category, the largest powerboat\plain\cf1\f51\fs20\qj industry category in terms of retail units.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj We sell our boats through an extensive network of independent dealers in North America and internationally.\plain\cf1\f51\fs20\qj Through our MasterCraft segment, we partner with 102 North American dealers with 172 locations and 45\plain\cf1\f51\fs20\qj international dealers with 76 locations throughout the rest of the world. Through our NauticStar segment, we partner\plain\cf1\f51\fs20\qj with 81 North American dealers with 99 locations and one international dealer with a single location. For the three\plain\cf1\f51\fs20\qj months ended September 30, 2018, 91.7% of our net sales were generated from North America and 8.3% of our net\plain\cf1\f51\fs20\qj sales were generated from outside of North America.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Outlook\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our sales are impacted by general economic conditions, which affect the demand for our products, the demand for\plain\cf1\f51\fs20\qj optional features, the availability of credit for our dealers and retail consumers, and overall consumer confidence.\plain\cf1\f51\fs20\qj While the performance sport boat and outboard categories have grown in recent years, new unit sales remain\plain\cf1\f51\fs20\qj significantly below historical peaks. While there is no guarantee that our market will continue to grow, we believe\plain\cf1\f51\fs20\qj that increased consumer demand, limited used boat inventory and the superior quality, performance, styling, and\plain\cf1\f51\fs20\qj value proposition of our recently released boats present a long runway for future growth. Our revamped\plain\cf1\f51\fs20\qj manufacturing and product development processes have led to operational efficiencies which we expect will\plain\cf1\f51\fs20\qj continue to drive margin expansion.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Recent Transactions\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Crest Acquisition\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 1, 2018, we completed the acquisition of Crest, a leading vertically integrated manufacturer of\plain\cf1\f51\fs20\qj high-quality pontoon boats in the United States. Crest is one of the top producers of innovative, high-quality\plain\cf1\f51\fs20\qj pontoon boats ranging from 20 to 29 feet. The aggregate purchase price was $80 million and is subject to\plain\cf1\f51\fs20\qj customary adjustments for the amount\par\pard\plain\sb528\cf1\f51\fs20\qc 21\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj of working capital in the business at the closing date. Due to the timing of the acquisition, the Company has not\plain\cf1\f51\fs20\qj completed the valuation of assets acquired or liabilities assumed.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Fourth Amended and Restated Credit Agreement\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 1, 2018, we entered into the Fourth Amended Credit Agreement which provides the Company with a\plain\cf1\f51\fs20\qj $190 million senior secured credit facility, consisting of a $75 million term loan, a $80 million term loan and a $35\plain\cf1\f51\fs20\qj million revolving credit facility.\par\pard\plain\cf1\f51\fs20\qj \~{\*\bkmkstart _hlk480788486_12540826}{\*\bkmkend _hlk480788486_12540826}\par\pard\plain\cf1\f51\fs20\b\qj Seasonality and Other Factors That Affect Our Business\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our operating results are subject to annual and seasonal fluctuations resulting from a variety of factors, including:\par\pard\plain\cf1\f51\fs18\qj \~
\par\pard\plain
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj seasonal variations in retail demand for boats, with a significant majority of sales occurring during peak\plain\intbl\cf1\f51\fs20\qj boating season, which we attempt to manage by providing incentive programs and floor plan subsidies to\plain\intbl\cf1\f51\fs20\qj encourage dealer purchases throughout the year, which may include offering off-season retail promotions\plain\intbl\cf1\f51\fs20\qj to our dealers in seasonally slow months, during and ahead of boat shows, to encourage retail demand;\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1012\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj product mix, which is driven by boat model mix and higher option order rates; while product mix does not\plain\intbl\cf1\f51\fs20\qj significantly affect margins, sales of larger boats and boats with optional content produce higher absolute\plain\intbl\cf1\f51\fs20\qj profits;\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh765\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~
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{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~
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{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj competition from recreational boat manufacturers;\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~
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{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj general economic conditions; and\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~
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{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh248
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj foreign currency exchange rates.\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Key Performance Measures\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj From time to time we use certain key performance measures in evaluating our business and results of operations\plain\cf1\f51\fs20\qj and we may refer to one or more of these key performance measures in this \u8220?Management\u8217?s\plain\cf1\f51\fs20\qj Discussion and Analysis of Financial Condition and Results of Operations.\u8221? These key performance measures\plain\cf1\f51\fs20\qj include:\par\pard\plain\li792\cf1\f51\fs18\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Unit volume\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define unit volume as the number of our boats sold to our dealers during a\plain\intbl\cf1\f51\fs20\qj period.\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Net sales per unit\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define net sales per unit as net sales divided by unit volume.\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Gross margin\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define gross margin as gross profit divided by net sales, expressed as a\plain\intbl\cf1\f51\fs20\qj percentage.\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1012
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Adjusted EBITDA\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define Adjusted EBITDA as earnings before interest expense, income taxes,\plain\intbl\cf1\f51\fs20\qj depreciation, and amortization, as further adjusted to eliminate certain non-cash charges and unusual items\plain\intbl\cf1\f51\fs20\qj that we do not consider to be indicative of our ongoing operations. For a reconciliation of Adjusted\plain\intbl\cf1\f51\fs20\qj EBITDA to net income, see \u8220?Non-GAAP Measures\u8221? below.\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1012\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 22\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1238
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Adjusted net income\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define Adjusted net income as net income excluding income taxes\plain\intbl\cf1\f51\fs20\qj adjusted to eliminate certain non-cash charges and unusual items that we do not consider to be indicative\plain\intbl\cf1\f51\fs20\qj of our ongoing operations and an adjustment for income tax expense at a normalized annual effective tax\plain\intbl\cf1\f51\fs20\qj rate. For a reconciliation of Adjusted net income to net income, see \u8220?Non-GAAP Measures\u8221?\plain\intbl\cf1\f51\fs20\qj below.\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1238\row}}}\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Components of Results of Operations\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Net Sales\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj We generate sales from the sale of boats, trailers, and accessories to our dealers. The substantial majority of our net\plain\cf1\f51\fs20\qj sales are derived from the sale of boats, including optional features included at the time of the initial wholesale\plain\cf1\f51\fs20\qj purchase of the boat. Net sales consist of the following:\par\pard\plain\cf1\f51\fs18\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Gross sales, which are derived from:\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li1584\cf1\f51\fs18\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh765
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Boat and trailers sales\plain\intbl\cf1\f51\fs20\qj \~\u8212? sales of boats and boat trailers to our dealer network,\plain\intbl\cf1\f51\fs20\qj transportation charges to our dealer network. In addition, nearly all of our boat sales include\plain\intbl\cf1\f51\fs20\qj optional feature upgrades, which increase the average selling price of our boats;\cell{
{\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh765\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh495
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Part and accessories sales\plain\intbl\cf1\f51\fs20\qj \u8212?\~\~sales of replacement and aftermarket boat parts and\plain\intbl\cf1\f51\fs20\qj accessories, shipping fees to customers; and\cell{
{\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs18\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh270
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Other revenues\plain\intbl\cf1\f51\fs20\qj \~\u8212? royalties and garment sales.\cell{
{\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh270\row}}}\pard\plain\li1584\cf1\f51\fs18\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Net of:\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li1584\cf1\f51\fs18\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh1755
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Dealer programs and flooring subsidies\plain\intbl\cf1\f51\fs20\qj \~\u8212? incentives, including rebates and\plain\intbl\cf1\f51\fs20\qj subsidized flooring, we provide to our dealers to drive volume and level dealer purchases\plain\intbl\cf1\f51\fs20\qj throughout the year. If a dealer meets certain volume levels over the course of the year\plain\intbl\cf1\f51\fs20\qj during certain defined periods, the dealer will be entitled to a specified rebate. These\plain\intbl\cf1\f51\fs20\qj rebates change annually and may include volume and exclusivity incentives. Dealers who\plain\intbl\cf1\f51\fs20\qj participate in our floor plan financing program may be entitled to have their flooring costs\plain\intbl\cf1\f51\fs20\qj subsidized by us to promote dealer orders in the offseason.\cell{
{\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh1755\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj Effective July 1, 2018, we adopted ASU 2014-09,\plain\cf1\f51\fs20\i\qj Revenue from Contracts with Customers (Topic 606),\plain\cf1\f51\fs20\qj a\plain\cf1\f51\fs20\qj principle-based accounting guidance for revenue recognition. The implementation of ASU 2014-09 impacted the\plain\cf1\f51\fs20\qj timing of when we record retail promotions and rebates associated with boats in the dealer\u8217?s\plain\cf1\f51\fs20\qj inventory.\~\~While previously such retail promotions and rebates were recorded when the rebate is communicated to\plain\cf1\f51\fs20\qj the dealer, starting in the first quarter of fiscal 2019 we record estimated discounts as a reduction in net sales at the\plain\cf1\f51\fs20\qj time of sale to the dealer.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Cost of Sales\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our cost of sales includes all of the costs to manufacture our products, including raw materials, components,\plain\cf1\f51\fs20\qj supplies, direct labor, and factory overhead. For components and accessories manufactured by third-party vendors,\plain\cf1\f51\fs20\qj our costs are the amounts invoiced to us by the vendors. Cost of sales includes shipping and handling costs,\plain\cf1\f51\fs20\qj depreciation expense related to manufacturing equipment and facilities, and warranty costs associated with the repair\plain\cf1\f51\fs20\qj or replacement of our boats under warranty.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 23\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\i\qj Operating Expenses\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our operating expenses include selling and marketing costs, general and administrative costs, and amortization costs.\plain\cf1\f51\fs20\qj These items include personnel and related expenses, non-manufacturing overhead, and various other operating\plain\cf1\f51\fs20\qj expenses. Further, selling and marketing expenditures include the cost of advertising and marketing materials.\plain\cf1\f51\fs20\qj General and administrative expenses include, among other things, salaries, benefits, and other personnel related\plain\cf1\f51\fs20\qj expenses for employees engaged in product development, engineering, finance, information technology, human\plain\cf1\f51\fs20\qj resources, and executive management. Other costs include outside legal and accounting fees, acquisition or\plain\cf1\f51\fs20\qj integration related expenses, investor relations, risk management (insurance), and other administrative costs.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Other Expense\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Other expense includes interest expense. Interest expense consists of interest charged under our credit facilities,\plain\cf1\f51\fs20\qj including deferred financing fees.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Income Tax Expense\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our accounting for income tax expense reflects management\u8217?s assessment of future tax assets and liabilities\plain\cf1\f51\fs20\qj based on assumptions and estimates for timing, likelihood of realization, and tax laws existing at the time of\plain\cf1\f51\fs20\qj evaluation. We record a valuation allowance, when appropriate, to reduce deferred tax assets to an amount that is\plain\cf1\f51\fs20\qj more likely than not to be realized.\par\pard\plain\sb528\cf1\f51\fs20\qc 24\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb264\cf1\f51\fs20\b\qj Results of Operations\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj The table below sets forth our results of operations for the periods presented. Our financial results for these periods\plain\sa132\cf1\f51\fs20\qj are not necessarily indicative of the financial results that we will achieve in future periods.
\par\pard\plain
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh66\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9254\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9254\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7889\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9253\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc October\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7889\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9253\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9254\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9254\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9254\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Dollars\~in\~thousands)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9254\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Consolidated statement of operations\plain\intbl\cf1\f51\fs20\ql :\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Net sales\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 93,641\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 65,049\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Cost of sales\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 70,438\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 46,886\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Gross profit\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 23,203\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,163\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Operating expenses:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Selling and marketing\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,290\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,737\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql General and administrative\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 6,772\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,335\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Amortization of intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 530\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 27\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total operating expenses\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,592\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,099\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Operating income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,611\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,064\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Other expense:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Interest expense, net\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 920\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 491\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Income before income tax expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10,691\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10,573\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Income tax expense\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,226\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,527\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Net income\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,465\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,046\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Additional financial and other data:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Unit volume:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 848\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 775\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 426\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql MasterCraft sales\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 76,234\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 65,049\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql NauticStar sales\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 17,407\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Consolidated sales\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 93,641\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 65,049\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Per Unit:\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clvertalb\cellx6747\clvertalb\cellx7508\clvertalb\cellx7888\clvertalb\cellx8467\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql MasterCraft sales\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 90\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 84\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql NauticStar sales\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 41\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\cellx5669\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clvertalb\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql Consolidated sales\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 74\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 84\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7888\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9635\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5669\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9635\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Gross margin\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 24.8\cell\pard\plain\intbl\cf1\f51\fs20\ql %\~\~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 27.9\cell\pard\plain\intbl\cf1\f51\fs20\ql %\~\~\cell{
{\trowd\trqc\clvertalb\cellx5669\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7888\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8467\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9251\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9635\trrh248\row}}}\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Three Months Ended September 30, 2018 Compared to Three Months Ended October 1, 2017\par\pard\plain\cf1\f51\fs18\qj \~{\*\bkmkstart _hlk480461509_12540826}{\*\bkmkend _hlk480461509_12540826}\par\pard\plain\cf1\f51\fs20\i\qj Net Sales.\plain\cf1\f51\fs20\qj \~Total net sales for the three months ended September 30, 2018 were $93.6 million, reflecting an\plain\cf1\f51\fs20\qj increase of $28.6 million, or 44.0%, compared to $65.0 million for the three months ended October 1, 2017. The\plain\cf1\f51\fs20\qj inclusion of NauticStar accounts for an increase of 26.8%, or $17.4 million. The remaining increase of 17.2%, or\plain\cf1\f51\fs20\qj $11.2 million, is attributable to MasterCraft and is driven by an increase in sales volume, favorable product mix and\plain\cf1\f51\fs20\qj price increases. This increase in gross sales was partially offset by increased retail rebate expense due to the timing\plain\cf1\f51\fs20\qj impact from new revenue recognition guidance, as well as by higher sales discounts given to mitigate an increase in\plain\cf1\f51\fs20\qj import tariffs impacting our Canadian and European dealers.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Gross Profit.\plain\cf1\f51\fs20\qj \~For the three months ended September 30, 2018, our gross profit increased $5.0\~million, or 27.7%, to\plain\cf1\f51\fs20\qj $23.2\~million compared to $18.2\~million for the three months ended October 1, 2017. MasterCraft contributed $3.0\plain\cf1\f51\fs20\qj million to the increase in gross profit and the inclusion of NauticStar accounted for $2.0 million of the increase. On\plain\cf1\f51\fs20\qj a consolidated basis, gross margin decreased to 24.8% for the three months ended September 30, 2018 compared to\plain\cf1\f51\fs20\qj 27.9% for the three months ended October 1, 2017. The decrease was primarily due to the dilutive effect from the\plain\cf1\f51\fs20\qj inclusion of NauticStar,\par\pard\plain\sb528\cf1\f51\fs20\qc 25\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj higher warranty costs, and higher retail sales incentives due to the timing impact from the new revenue recognition\plain\cf1\f51\fs20\qj guidance, partially offset by growth in MasterCraft unit sales volume, favorable product mix, and price increases.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Operating Expenses.\plain\cf1\f51\fs20\qj \~Operating expenses increased overall and as a percentage of net sales during the three months\plain\cf1\f51\fs20\qj ended September 30, 2018, compared to the three months ended October 1, 2017. Selling and marketing expense\plain\cf1\f51\fs20\qj increased $1.6\~million, or 56.7%, to $4.3 million for the three months ended September 30, 2018 compared to\plain\cf1\f51\fs20\qj $2.7\~million for the three months ended October 1, 2017. This increase was mainly due to the timing of\plain\cf1\f51\fs20\qj MasterCraft\u8217?s annual dealer meeting and the inclusion of NauticStar. General and administrative expense\plain\cf1\f51\fs20\qj increased by $2.5\~million, or 56.2%, to $6.8\~million for the three months ended September 30, 2018 compared to\plain\cf1\f51\fs20\qj $4.3\~million for the three months ended October 1, 2017. The increase was mainly due to an increase in\plain\cf1\f51\fs20\qj compensation costs from an investment in headcount to support growth initiatives, new brand start-up costs, and\plain\cf1\f51\fs20\qj higher legal and advisory fees related to our acquisition of Crest Marine LLC incurred during the three months\plain\cf1\f51\fs20\qj ended September 30, 2018, compared to NauticStar acquisition-related costs incurred during the three months ended\plain\cf1\f51\fs20\qj October 1, 2017. Additionally, the inclusion of NauticStar accounts for $0.9 million increase in general and\plain\cf1\f51\fs20\qj administrative expenses.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Other Expense.\plain\cf1\f51\fs20\qj \~Interest expense increased $0.4 million for the three months ended September 30, 2018 compared\plain\cf1\f51\fs20\qj to the three months ended October 1, 2017. The increase is due to an increase in our term loan balance when\plain\cf1\f51\fs20\qj compared to the principal balance owed on our term loan during the three months ended October 1, 2017.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Income Tax Expense.\plain\cf1\f51\fs20\qj \~ \~Our income tax expense was $2.2 million for the three months ended September 30, 2018.\plain\cf1\f51\fs20\qj Our consolidated interim effective tax rate for the three months ended September 30, 2018 was 20.8%. The\plain\cf1\f51\fs20\qj differences in our effective tax rate in comparable historical periods presented and the statutory federal tax rate of\plain\cf1\f51\fs20\qj 21% primarily related to a permanent benefit associated with the foreign derived intangible income deduction and\plain\cf1\f51\fs20\qj the inclusion of the state tax rate in the overall effective rate. Our consolidated interim effective tax rate for the\plain\cf1\f51\fs20\qj three months ended September 30, 2018 decreased 12.6% compared to the 33.4% effective tax rate for the three\plain\cf1\f51\fs20\qj months ended October 1, 2017, primarily due to the enactment of the Tax Reform Act.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Non-GAAP Measures\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We define EBITDA as earnings before interest expense, income taxes, depreciation and amortization. We define\plain\cf1\f51\fs20\qj Adjusted EBITDA as EBITDA further adjusted to eliminate certain non-cash charges and unusual items that we do\plain\cf1\f51\fs20\qj not consider to be indicative of our ongoing operations, including acquisition related expenses associated with the\plain\cf1\f51\fs20\qj acquisitions of NauticStar and Crest, our stock-based compensation expense, and new brand startup costs. We\plain\cf1\f51\fs20\qj define Adjusted net income as net income adjusted to eliminate certain non-cash charges and unusual items that we\plain\cf1\f51\fs20\qj do not consider to be indicative of our ongoing operations, such as acquisition expenses associated with the\plain\cf1\f51\fs20\qj acquisitions of NauticStar and Crest (including intangible amortization associated with the acquisitions, including\plain\cf1\f51\fs20\qj prior year acquisitions), our stock-based compensation expense, new brand startup costs and an adjustment for\plain\cf1\f51\fs20\qj income tax expense at a normalized annual effective tax rate.\~\~We define Adjusted EBITDA margin as Adjusted\plain\cf1\f51\fs20\qj EBITDA expressed as a percentage of sales. Adjusted EBITDA, Adjusted net income and Adjusted EBITDA\plain\cf1\f51\fs20\qj margin are not measures of net income or operating income as determined under accounting principles generally\plain\cf1\f51\fs20\qj accepted in the United States, which we refer to as GAAP. Adjusted EBITDA and Adjusted net income are not\plain\cf1\f51\fs20\qj measures of performance in accordance with GAAP and should not be considered as an alternative to net income or\plain\cf1\f51\fs20\qj operating cash flows determined in accordance with GAAP. Additionally, Adjusted EBITDA is not intended to be a\plain\cf1\f51\fs20\qj measure of cash flow for management\u8217?s discretionary use. We believe that the inclusion of EBITDA,\plain\cf1\f51\fs20\qj Adjusted EBITDA, Adjusted EBITDA margin and Adjusted net income is appropriate to provide additional\plain\cf1\f51\fs20\qj information to investors because securities analysts, noteholders and other investors use these non GAAP financial\plain\cf1\f51\fs20\qj measures to assess our operating performance across periods on a consistent basis and to evaluate the relative risk\plain\cf1\f51\fs20\qj of an investment in our securities. We use Adjusted net income\par\pard\plain\sb528\cf1\f51\fs20\qc 26\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj to facilitate a comparison of our operating performance on a consistent basis from period to period that, when\plain\cf1\f51\fs20\qj viewed in combination with our results prepared in accordance with GAAP, provides a more complete\plain\cf1\f51\fs20\qj understanding of factors and trends affecting our business than GAAP alone measures.\~\~We believe Adjusted net\plain\cf1\f51\fs20\qj income assists our board of directors, management and investors in comparing our net income on a consistent basis\plain\cf1\f51\fs20\qj from period to period because it removes non-cash and non-recurring items.\~\~Adjusted EBITDA and Adjusted net\plain\cf1\f51\fs20\qj income have limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis\plain\cf1\f51\fs20\qj of our results as reported under GAAP. Some of these limitations are:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital\plain\intbl\cf1\f51\fs20\qj needs;\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Adjusted EBITDA does not reflect our tax expense or any cash requirements to pay income\plain\intbl\cf1\f51\fs20\qj taxes;\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Adjusted EBITDA does not reflect interest expense, or the cash requirements necessary to service interest\plain\intbl\cf1\f51\fs20\qj payments on our indebtedness; and\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj ·\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Adjusted net income and Adjusted EBITDA do not reflect the impact of earnings or charges resulting from\plain\intbl\cf1\f51\fs20\qj matters we do not consider to be indicative of our ongoing operations, but may nonetheless have a material\plain\intbl\cf1\f51\fs20\qj impact on our results of operations.\cell{
{\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh742\row}}}\pard\plain\fi792\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In addition, because not all companies use identical calculations, our presentation of Adjusted EBITDA and\plain\cf1\f51\fs20\qj Adjusted net income may not be comparable to similarly titled measures of other companies, including companies\plain\cf1\f51\fs20\qj in our industry. Furthermore, certain non-GAAP financial measures presented have been provided for comparison\plain\cf1\f51\fs20\qj purposes only and these non-GAAP financial measures may change in the future based on our calculations and\plain\cf1\f51\fs20\qj forecasts regarding the interpretation of certain recent changes to U.S. federal income tax law and anticipated\plain\cf1\f51\fs20\qj impacts on our financial results.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following table sets forth a reconciliation of net income as determined in accordance with U.S. GAAP to\plain\cf1\f51\fs20\qj Adjusted EBITDA for the periods indicated:\par\pard\plain\cf1\f51\fs20\qj \~
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\pard\plain\intbl\cf1\f51\fs20\ql Income tax expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,226\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,527\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Interest expense, net\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 920\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 491\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,435\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 732\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Transaction expense\plain\intbl\cf1\f51\fs10\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,318\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 881\cell{
{\trowd\trqc\clvertalb\cellx5251\clvertalb\cellx5541\clvertalb\cellx6249\clvertalb\cellx7364\clvertalb\cellx7649\clvertalb\cellx8228\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5541\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6249\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7364\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql New brand startup costs\plain\intbl\cf1\f51\fs10\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 280\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 19\cell{
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5541\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6249\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7364\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5251\clvertalb\cellx5541\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6249\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7364\clvertalb\cellx7649\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8228\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Stock-based compensation\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 384\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 264\cell{
{\trowd\trqc\clvertalb\cellx5251\clvertalb\cellx5541\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6249\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7364\clvertalb\cellx7649\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8228\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5541\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6249\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7364\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted EBITDA\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 15,028\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 12,960\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5251\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5541\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6249\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7364\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\cellx5251\clvertalb\cellx5541\clvertalb\cellx6249\clvertalb\cellx7364\clvertalb\cellx7649\clvertalb\cellx8228\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted EBITDA Margin\plain\intbl\cf1\f51\fs10\ql (c)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 16.0%\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 19.9%\cell{
{\trowd\trqc\clvertalb\cellx5251\clvertalb\cellx5541\clvertalb\cellx6249\clvertalb\cellx7364\clvertalb\cellx7649\clvertalb\cellx8228\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li792\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh270
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (a)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents fees, expenses and integration costs associated with our acquisition of Crest and NauticStar.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 27\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (b)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents startup costs associated with a completely new boat brand in a segment of the market neither\plain\intbl\cf1\f51\fs20\qj MasterCraft nor NauticStar serves.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh270
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (c)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj We define Adjusted EBITDA margin as Adjusted EBITDA expressed as a percentage of net sales. \~\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj The following table sets forth a reconciliation of net income as determined in accordance with U.S. GAAP to\plain\cf1\f51\fs20\qj Adjusted net income for the periods indicated:
\par\pard\plain
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4603\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4603\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx4603\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7209\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9396\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc October\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{
{\trowd\trqc\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx4603\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6919\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7209\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9396\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4603\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4603\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4603\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Dollars in thousands, except share and per share amounts)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4603\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9397\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Net income\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,465\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,046\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell{
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Income tax expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,226\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,527\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Transaction expense\plain\intbl\cf1\f51\fs10\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,821\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 881\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\cellx4603\clvertalc\cellx5311\clvertalb\cellx6918\clvertalc\cellx7208\clvertalc\cellx7787\clvertalb\cellx9394\clvertalc\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql New brand startup costs\plain\intbl\cf1\f51\fs10\ql (b)\cell\pard\plain\intbl\cf1\f52\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 280\cell\pard\plain\intbl\cf1\f52\fs16\ql \~\cell\pard\plain\intbl\cf1\f52\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 19\cell\pard\plain\intbl\cf1\f52\fs16\ql \~\cell{
{\trowd\trqc\clvertalc\cellx4603\clvertalc\cellx5311\clvertalb\cellx6918\clvertalc\cellx7208\clvertalc\cellx7787\clvertalb\cellx9394\clvertalc\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Stock-based compensation\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 384\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 264\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted Net Income before income taxes\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 13,176\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,737\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Adjusted income tax expense\plain\intbl\cf1\f51\fs10\ql (c)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,965\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,404\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\cellx4603\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5311\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6918\clvertalb\cellx7208\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7787\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9394\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted Net Income\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10,211\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,333\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\cellx4603\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5311\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6918\clvertalb\cellx7208\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7787\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9394\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Pro-forma Adjusted Net Income per common share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql Basic\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.55\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.45\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql Diluted\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.54\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.44\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495
\pard\plain\intbl\cf1\f51\fs20\ql Pro-forma weighted average shares used for the\plain\intbl\cf1\f51\fs20\ql computation of:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495\row}}}
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql Basic Adjusted Net Income per share\plain\intbl\li132\cf1\f51\fs10\ql (d)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,650,729\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,619,834\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\cellx4603\clvertalb\cellx5311\clvertalb\cellx6918\clvertalb\cellx7208\clvertalb\cellx7787\clvertalb\cellx9394\clvertalb\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql Diluted Adjusted Net Income per share\plain\intbl\li132\cf1\f51\fs10\ql (d)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,879,153\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,798,236\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx4603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6918\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh765
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (a)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents fees, expenses and integration costs associated with our acquisition of Crest and NauticStar,\plain\intbl\cf1\f51\fs20\qj including $503 of amortization associated with intangibles acquired in connection with the acquisition of\plain\intbl\cf1\f51\fs20\qj NauticStar.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh765\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (b)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents startup costs associated with a completely new boat brand in a segment of the market neither\plain\intbl\cf1\f51\fs20\qj MasterCraft nor NauticStar serves.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (c)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Reflects income tax expense at an estimated annual effective income tax rate of 22.5% for the\plain\intbl\cf1\f51\fs20\qj current period and 29% for the prior-year period.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (d)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj The weighted average shares used for computation of pro-forma diluted earnings per common share gives\plain\intbl\cf1\f51\fs20\qj effect to 70,691 shares of restricted stock awards, 92,379 performance stock units and 65,354 shares for the\plain\intbl\cf1\f51\fs20\qj dilutive effect of stock options.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh742\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 28\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following table shows the reconciliation of net income per diluted share to Adjusted net income per diluted\plain\cf1\f51\fs20\qj pro-forma weighted average share for the periods presented:\par\pard\plain\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh66\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5977\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6164\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9499\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5977\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6164\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9499\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5977\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6164\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7810\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7997\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9499\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc October\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5977\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6164\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7810\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7997\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9499\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5977\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6164\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9499\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5977\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6164\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9499\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Net income per diluted share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.45\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.38\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Impact of adjustments:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql Income tax expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.12\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.19\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql Transaction expense\plain\intbl\li132\cf1\f51\fs10\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.10\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.05\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql New brand startup costs\plain\intbl\li132\cf1\f51\fs10\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.01\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9497\clvertalb\cellx9688\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql Stock-based compensation\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.02\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.01\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9497\clvertalb\cellx9688\trrh248\row}}}
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted Net Income per diluted share before income taxes\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.70\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.63\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh495
\pard\plain\intbl\li132\cf1\f51\fs20\ql Impact of adjusted income tax expense on net income per diluted\plain\intbl\li132\cf1\f51\fs20\ql share before income taxes\plain\intbl\li132\cf1\f51\fs10\ql (c)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.16)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.18)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh495\row}}}
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\li132\cf1\f51\fs20\ql Impact of increased share count\plain\intbl\li132\cf1\f51\fs10\ql (d)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.01)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx5977\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6872\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7809\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7996\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8575\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh495
\pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted Net Income per diluted pro-forma weighted average\plain\intbl\cf1\f51\fs20\b\ql share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.54\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.44\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\cellx5977\clvertalb\cellx6164\clvertalb\cellx6872\clvertalb\cellx7809\clvertalb\cellx7996\clvertalb\cellx8575\clvertalb\cellx9497\clvertalb\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs12\ql \~\par\pard\plain\cf1\f51\fs12\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh765
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (a)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents fees, expenses and integration costs associated with our acquisition of Crest and NauticStar,\plain\intbl\cf1\f51\fs20\qj including $503 of amortization associated with intangibles acquired in connection with the acquisition of\plain\intbl\cf1\f51\fs20\qj NauticStar.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh765\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh495
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (b)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents startup costs associated with a completely new boat brand in a segment of the market neither\plain\intbl\cf1\f51\fs20\qj MasterCraft nor NauticStar serves.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs20\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (c)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Reflects income tax expense at an estimated annual effective income tax rate of 22.5% for the\plain\intbl\cf1\f51\fs20\qj current period and 29% for the prior-year period.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (d)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Reflects impact of increased share counts giving effect to the exchange of all restricted stock awards, the\plain\intbl\cf1\f51\fs20\qj vesting of all performance stock units and for the dilutive effect of stock options included in outstanding\plain\intbl\cf1\f51\fs20\qj shares.\cell{
{\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs16\qj \~\par\pard\plain\cf1\f51\fs16\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Liquidity and Capital Resources\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Our primary liquidity and capital resource needs are to finance working capital and fund capital expenditures. Our\plain\cf1\f51\fs20\qj principal source of funds is cash generated from operating activities. As of September 30, 2018, we had borrowing\plain\cf1\f51\fs20\qj availability of $30.0 million under our revolving credit facility. We believe our cash from operations, along with\plain\cf1\f51\fs20\qj borrowings under our\par\pard\plain\sb528\cf1\f51\fs20\qc 29\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj revolving credit facility, will be sufficient to provide for our working capital and capital expenditures for at least the\plain\cf1\f51\fs20\qj next 12\~months. The following table summarizes the cash flows from operating, investing, and financing activities:\par\pard\plain\cf1\f51\fs20\qj \~
\par\pard\plain
{\trowd\trqc\clvertalb\cellx6155\clvertalb\cellx6445\clvertalb\cellx7153\clvertalb\cellx7919\clvertalb\cellx8203\clvertalb\cellx8782\clvertalb\cellx9544\clvertalb\cellx9688\trrh66
\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx6155\clvertalb\cellx6445\clvertalb\cellx7153\clvertalb\cellx7919\clvertalb\cellx8203\clvertalb\cellx8782\clvertalb\cellx9544\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6155\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6445\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6155\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6445\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6155\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6445\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7920\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8204\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc September\~30,\~2018\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc October\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6155\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6445\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7920\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8204\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6155\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6445\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Unaudited)\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6155\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6445\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6155\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6445\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Dollars in thousands)\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6155\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6445\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248\row}}}
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6155\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6445\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7153\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7919\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8203\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8782\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248
\pard\plain\intbl\cf1\f51\fs20\ql Total cash provided by (used in):\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Operating activities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,367\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10,166\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Investing activities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (3,422)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (505)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\ql Financing activities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,761)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,019)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs20\b\ql Net increase (decrease) in cash\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,816)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,642\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6155\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6445\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7153\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7919\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8203\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8782\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Operating Activities\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Our net cash provided by operating activities decreased by $6.8\~million, or 66.9%, for the three months ended\plain\cf1\f51\fs20\qj September 30, 2018 compared to the three months ended October 1, 2017, to $3.4 million from $10.2\~million. This\plain\cf1\f51\fs20\qj decrease was primarily due to an increase in cash paid for taxes and interest, a decrease of $9.1 million from\plain\cf1\f51\fs20\qj changes in operating assets and liabilities, partially offset by higher net income, which was driven primarily by\plain\cf1\f51\fs20\qj higher sales at MasterCraft and the inclusion of NauticStar.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Investing Activities\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Net cash used in investing activities increased by $2.9 million for the three months ended September 30, 2018\plain\cf1\f51\fs20\qj compared to the three months ended October 1, 2017. This increase was due to increased capital expenditures for\plain\cf1\f51\fs20\qj manufacturing infrastructure and expansion activities, molds, and equipment.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Financing Activities\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Net cash used in financing activities increased by $0.7 million for the three months ended September 30, 2018\plain\cf1\f51\fs20\qj compared to the three months ended October 1, 2017. This increase was due to payments on our term loan facility,\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\ql Fourth Amended and Restated Credit Agreement\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 1, 2018, we entered into the Fourth Amended Credit Agreement providing the Company with a $190\plain\cf1\f51\fs20\qj million senior secured credit facility, consisting of a $75 million term loan, a $80 million term loan and a $35\plain\cf1\f51\fs20\qj million revolving credit facility.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Fourth Amended Credit Agreement bears interest, at the Company\u8217?s option, at either the prime rate plus\plain\cf1\f51\fs20\qj an applicable margin ranging from 0.50% to 1.50% or at an adjusted LIBOR plus an applicable margin ranging\plain\cf1\f51\fs20\qj from 1.50% to 2.50%, in each case based on the Company\u8217?s senior leverage ratio. Based on the\plain\cf1\f51\fs20\qj Company\u8217?s current net leverage ratio, the applicable margin for loans accruing interest at the prime rate is\plain\cf1\f51\fs20\qj 1.00% and the applicable margin for loans accruing interest at LIBOR is 2.00%. The Fourth Term Loans will\plain\cf1\f51\fs20\qj mature and all remaining amounts outstanding thereunder will be due and payable on October\~1, 2023. \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 30\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qj Off-Balance Sheet Arrangements\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj As of September 30, 2018, we did not have any off-balance sheet financings.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Emerging Growth Company\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We are an emerging growth company, as defined in the JOBS Act. For as long as we are an emerging growth\plain\cf1\f51\fs20\qj company, we may take advantage of certain exemptions from various reporting requirements that are applicable to\plain\cf1\f51\fs20\qj other public companies that are not emerging growth companies, including, but not limited to, not being required to\plain\cf1\f51\fs20\qj comply with the auditor attestation requirements of Section\~404(b) of the Sarbanes-Oxley Act, reduced disclosure\plain\cf1\f51\fs20\qj obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the\plain\cf1\f51\fs20\qj requirements of holding stockholder advisory \u8220?say-on-pay\u8221? votes on executive compensation and\plain\cf1\f51\fs20\qj stockholder advisory votes on golden parachute compensation.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The JOBS Act also provides that an emerging growth company can utilize the extended transition period provided\plain\cf1\f51\fs20\qj in Section\~7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. Pursuant to\plain\cf1\f51\fs20\qj Section\~107 of the JOBS Act, we have irrevocably chosen to opt out of such extended transition period and, as a\plain\cf1\f51\fs20\qj result, we will comply with new or revised accounting standards on the relevant dates on which adoption of such\plain\cf1\f51\fs20\qj standards is required for companies that are not \u8220?emerging growth companies.\u8221?\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We will continue to be an emerging growth company until the earliest to occur of (i)\~the last day of fiscal year\plain\cf1\f51\fs20\qj during which we had total annual gross revenues of at least $1\~billion (as indexed for inflation), (ii)\~the last day of\plain\cf1\f51\fs20\qj fiscal year following the fifth anniversary of the closing of the IPO, (iii)\~the date on which we have, during the\plain\cf1\f51\fs20\qj previous three-year period, issued more than $1\~billion in non-convertible debt, or (iv)\~the date on which we are\plain\cf1\f51\fs20\qj deemed to be a \u8220?large accelerated filer,\u8221? as defined under the Exchange Act.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Critical Accounting Policies\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj As of September 30, 2018, with the exception of adoption of ASU 2014-09 discussed in Note 2, there were no\plain\cf1\f51\fs20\qj significant changes in or changes in the application of our critical accounting policies or estimation procedures from\plain\sa264\cf1\f51\fs20\qj those presented in our Annual Report on Form 10-K.{\*\bkmkstart item_1_3_3}{\*\bkmkend item_1_3_3}\par\pard\plain\cf1\f51\fs20\b\ql ITEM 3.{\*\bkmkstart item3_quantitative_qualitative_1}{\*\bkmkend item3_quantitative_qualitative_1}\plain\cf1\f51\fs20\b\ql QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Refer to our Annual Report on Form 10-K for a complete discussion on the Company\u8217?s market risk. There\plain\sa264\cf1\f51\fs20\qj have been no material changes in market risk from those disclosed therein.{\*\bkmkstart item_1_3_4}{\*\bkmkend item_1_3_4}\par\pard\plain\cf1\f51\fs20\b\ql ITEM 4.{\*\bkmkstart item4_controlsandprocedures_1254}{\*\bkmkend item4_controlsandprocedures_1254}\plain\cf1\f51\fs20\b\ql CONTROLS AND PROCEDURES.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\ql Evaluation of Disclosure Controls and Procedures\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) of the Exchange Act) that are\plain\cf1\f51\fs20\qj designed to ensure that information required to be disclosed by us in the reports that we file or submit under the\plain\cf1\f51\fs20\qj Exchange Act is recorded, processed, summarized and reported within the time periods specified in the\plain\cf1\f51\fs20\qj SEC\u8217?s rules and forms, and that such information is accumulated and communicated to our management,\plain\cf1\f51\fs20\qj including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding\plain\cf1\f51\fs20\qj required disclosures. Any controls and procedures, no matter how well designed and operated, can provide only\plain\cf1\f51\fs20\qj reasonable assurance of achieving the desired control objectives.\par\pard\plain\sb528\cf1\f51\fs20\qc 31\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj As of the end of the period covered by this Quarterly Report, we carried out an evaluation under the supervision\plain\cf1\f51\fs20\qj and with the participation of our management, including our chief executive officer and chief financial officer, of\plain\cf1\f51\fs20\qj the effectiveness of our disclosure controls and procedures. Based upon this evaluation, our chief executive officer\plain\cf1\f51\fs20\qj and chief financial officer have concluded that our disclosure controls and procedures were effective at a reasonable\plain\cf1\f51\fs20\qj assurance level as of September 30, 2018.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\ql Changes in Internal Control Over Financial Reporting\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj There have been no changes in our internal control over financial reporting during the quarter ended September 30,\plain\cf1\f51\fs20\qj 2018 that have materially affected, or are reasonably likely to materially affect, our internal control over financial\plain\sa264\cf1\f51\fs20\qj reporting. \~{\*\bkmkstart part_1_2_2}{\*\bkmkend part_1_2_2}\par\pard\plain\cf1\f51\fs20\b\ql PART I{\*\bkmkstart part_ii_12540826}{\*\bkmkend part_ii_12540826}\plain\cf1\f51\fs20\b\ql I \u8211? OTHER INFORMATION\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart item_1_3_5}{\*\bkmkend item_1_3_5}\par\pard\plain\cf1\f51\fs20\b\ql ITEM 1.{\*\bkmkstart item1_legal_12540826}{\*\bkmkend item1_legal_12540826}\plain\cf1\f51\fs20\b\ql LEGAL PROCEEDINGS.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\b\qj Legal Proceedings\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\fi792\cf1\f51\fs18\qj None.\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\qj \~{\*\bkmkstart item_1_3_6}{\*\bkmkend item_1_3_6}\par\pard\plain\cf1\f51\fs20\b\qj ITEM 1A.{\*\bkmkstart item1a_risk_factors_12540826}{\*\bkmkend item1a_risk_factors_12540826}\plain\cf1\f51\fs20\b\qj RISK FACTORS.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In addition to the other information set forth in this report, you should carefully consider the factors discussed in\plain\cf1\f51\fs20\qj Part I, \u8220?Item 1A. Risk Factors\u8221? in our Annual Report filed on Form 10-K, which could materially\plain\cf1\f51\fs20\qj affect our business, financial condition or future results.\~\~The risks described in this report and in our Annual Report\plain\cf1\f51\fs20\qj on Form 10-K are not the only risks facing the Company.\~\~Additional risks and uncertainties not currently known to\plain\cf1\f51\fs20\qj us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition\plain\cf1\f51\fs20\qj or future results.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We are providing the following information regarding changes that have occurred to the previously disclosed risk\plain\cf1\f51\fs20\qj factors in our Annual Report filed on Form 10-K. Except for such additional information, we believe there have\plain\cf1\f51\fs20\qj been no material changes from the risk factors previously disclosed in our Annual Report filed on Form 10-K.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Our results after the acquisition of Crest may suffer if we do not effectively manage our expanded operations\plain\cf1\f51\fs20\i\qj following the acquisition.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The size of our business has increased significantly as a result of our acquisition of Crest in October 2018. Our\plain\cf1\f51\fs20\qj future success depends, in part, upon our ability to manage this expanded business, which will pose substantial\plain\cf1\f51\fs20\qj challenges for management, including challenges related to the management and monitoring of additional operations\plain\cf1\f51\fs20\qj and associated increased costs and complexity. There can be no assurances we will be successful or that we will\plain\cf1\f51\fs20\qj realize the expected benefits currently anticipated from the acquisition of Crest.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj We have and will continue to incur significant acquisition-related integration costs and transaction expenses in\plain\cf1\f51\fs20\i\qj connection with the acquisition of Crest.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We are currently implementing a plan to integrate the operations of Crest. In connection with that plan, we\plain\cf1\f51\fs20\qj anticipate that we will incur certain non-recurring charges in connection with the integration of Crest; however, we\plain\cf1\f51\fs20\qj cannot currently identify the timing, nature and amount of all such charges. Further, we have incurred significant\plain\cf1\f51\fs20\qj transaction costs relating to negotiating and completing the acquisition of Crest. These integration costs and\plain\cf1\f51\fs20\qj transaction expenses will be charged as an expense in the period incurred. The significant transaction costs and\plain\cf1\f51\fs20\qj integration costs could materially affect our results of operations in the period in which such charges are recorded.\plain\cf1\f51\fs20\qj Although we believe that the elimination of duplicative costs, as well as the realization of other efficiencies related\plain\cf1\f51\fs20\qj to the integration of the business, will offset incremental transaction and integration costs over time, this net benefit\plain\cf1\f51\fs20\qj may not be achieved in the near term, or at all.\par\pard\plain\sb528\cf1\f51\fs20\qc 32\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj The Crest business may underperform relative to our expectations.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We may not be able to maintain the levels of revenue, earnings or operating efficiency that we and Crest have\plain\cf1\f51\fs20\qj achieved or might achieve separately. The business and financial performance of Crest are subject to certain risks\plain\cf1\f51\fs20\qj and uncertainties, including the risk of the loss of, or changes to, its relationships with its dealers and suppliers,\plain\cf1\f51\fs20\qj increased product liability and warranty claims, and negative publicity or other events that could diminish the value\plain\cf1\f51\fs20\qj of the Crest brand. We may be unable to achieve the same growth, revenues and profitability that Crest has\plain\cf1\f51\fs20\qj achieved in the past.\par\pard\plain\cf1\f51\fs20\qj \~{\*\bkmkstart item_1_3_7}{\*\bkmkend item_1_3_7}{\*\bkmkstart _bookmark13_12540826}{\*\bkmkend _bookmark13_12540826}{\*\bkmkstart item_3__defaults_upon_senior_sec}{\*\bkmkend item_3__defaults_upon_senior_sec}\par\pard\plain\sb264\cf1\f51\fs20\b\ql ITEM 2.{\*\bkmkstart item2_unregisteredsalesofsecurit}{\*\bkmkend item2_unregisteredsalesofsecurit}\plain\cf1\f51\fs20\b\ql UNREGISTERED SALES OF SECURITIES AND USE OF PROCEEDS.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\li308\fi462\cf1\f51\fs18\qj None.{\*\bkmkstart item_1_3_8}{\*\bkmkend item_1_3_8}\par\pard\plain\sb264\cf1\f51\fs20\b\ql ITEM 3.{\*\bkmkstart item3_defaults_12540826}{\*\bkmkend item3_defaults_12540826}\plain\cf1\f51\fs20\b\ql DEFAULTS UPON SENIOR SECURITIES.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\fi792\cf1\f51\fs20\ql Not applicable.{\*\bkmkstart item_1_3_9}{\*\bkmkend item_1_3_9}\par\pard\plain\sb264\cf1\f51\fs20\b\ql ITEM 4.{\*\bkmkstart item4_minesafetydisclosures_1254}{\*\bkmkend item4_minesafetydisclosures_1254}\plain\cf1\f51\fs20\b\ql MINE SAFETY DISCLOSURES.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\li792\cf1\f51\fs20\qj None.{\*\bkmkstart item_1_3_10}{\*\bkmkend item_1_3_10}\par\pard\plain\sb264\cf1\f51\fs20\b\ql ITEM 5.{\*\bkmkstart item5_other_12540826}{\*\bkmkend item5_other_12540826}\plain\cf1\f51\fs20\b\ql OTHER INFORMATION.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Effective November 7, 2018, the Company changed its legal corporate name to \u8220?MasterCraft Boat Holdings,\plain\cf1\f51\fs20\qj Inc.\u8221? The Company effectuated the name change through an amendment to the Company\u8217?s Amended\plain\cf1\f51\fs20\qj and Restated Certificate of Incorporation (the \u8220?Charter\u8221?). The Company also further amended and\plain\cf1\f51\fs20\qj restated its Amended and Restated Bylaws (the \u8220?Second Amended and Restated Bylaws\u8221?) to reflect the\plain\cf1\f51\fs20\qj new name. The amendment to the Charter and the Second Amended and Restated Bylaws were each effective\plain\cf1\f51\fs20\qj November 7, 2018.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj A copy of the Certificate of Amendment to the Charter effecting the name change, as filed with the Secretary of\plain\cf1\f51\fs20\qj State of the State of Delaware, is attached as Exhibit 3.2 hereto and incorporated herein by reference. A copy of the\plain\cf1\f51\fs20\qj Second Amended and Restated Bylaws is attached as Exhibit 3.3 hereto and incorporated herein by reference.\par\pard\plain\sb528\cf1\f51\fs20\qc 33\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}{\*\bkmkstart item_1_3_11}{\*\bkmkend item_1_3_11}\par\pard\plain\cf1\f51\fs20\b\ql ITEM 6.{\*\bkmkstart item6exhibits_176961_12540826}{\*\bkmkend item6exhibits_176961_12540826}\plain\cf1\f51\fs20\b\ql EXHIBIT{\*\bkmkstart item15exhibits_176961_12540826}{\*\bkmkend item15exhibits_176961_12540826}\plain\cf1\f51\fs20\b\ql S, FINANCIAL STATEMENT SCHEDULES.\par\pard\plain\cf1\f51\fs20\qc \~
\par\pard\plain
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\pard\plain\intbl\li154\fi-154\cf1\f51\fs16\b\qc Exhibit
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\par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc Herewith\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs18\qr 2.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Membership Interest Purchase}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Agreement, dated October\~2, 2017}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj among MasterCraft Boat}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Holdings,\~Inc., Nautic Star, LLC and}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj each of the other parties thereto}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 2.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10/2/17\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs18\qr 2.2\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918055898/a18-28000_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Membership Interest Purchase}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918055898/a18-28000_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Agreement, dated September 10,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918055898/a18-28000_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj 2018 among MasterCraft Boat}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918055898/a18-28000_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Holdings, Inc., Crest Marine LLC}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918055898/a18-28000_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj and each of the other parties thereto}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 2.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 9/10/18\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs18\qr 3.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex311eff5e2.htm" }{\*\fldrslt\cf3\f51\fs18\qj Amended and Restated Certificate of}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex311eff5e2.htm" }{\*\fldrslt\cf3\f51\fs18\qj Incorporation of MasterCraft Boat}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex311eff5e2.htm" }{\*\fldrslt\cf3\f51\fs18\qj Holdings,\~Inc.}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 3.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 9/18/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs18\qr 4.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915006121/a2225341zex-4_1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Common Stock certificate of}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915006121/a2225341zex-4_1.htm" }{\*\fldrslt\cf3\f51\fs18\qj MasterCraft Boat Holdings, Inc.}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc S-1/A\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 333-203815\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 4.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 7/15/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh736
\pard\plain\intbl\cf1\f51\fs18\qr 4.2\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005733/a2225185zex-4_2.htm" }{\*\fldrslt\cf3\f51\fs18\qj Warrant to Purchase Common Stock}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005733/a2225185zex-4_2.htm" }{\*\fldrslt\cf3\f51\fs18\qj of MasterCraft Boat Holdings, Inc.,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005733/a2225185zex-4_2.htm" }{\*\fldrslt\cf3\f51\fs18\qj dated June 30, 2009}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc S-1/A\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 333-203815\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 4.2\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 6/25/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh736\row}}}
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh1627
\pard\plain\intbl\cf1\f51\fs18\qr 10.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex101c14288.htm" }{\*\fldrslt\cf3\f51\fs18\qj Registration Rights Agreement}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex101c14288.htm" }{\*\fldrslt\cf3\f51\fs18\qj between MasterCraft Boat Holdings,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex101c14288.htm" }{\*\fldrslt\cf3\f51\fs18\qj Inc. and Wayzata Opportunities Fund}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex101c14288.htm" }{\*\fldrslt\cf3\f51\fs18\qj II, L.P.; Wayzata Opportunities Fund}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex101c14288.htm" }{\*\fldrslt\cf3\f51\fs18\qj Offshore II, L.P. and Wayzata}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex101c14288.htm" }{\*\fldrslt\cf3\f51\fs18\qj Recovery Fund, LLC, dated July 22,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837015001811/mcft-20150630ex101c14288.htm" }{\*\fldrslt\cf3\f51\fs18\qj 2015}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.2\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 9/18/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh513
\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.2\u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005733/a2225185zex-10_2.htm" }{\*\fldrslt\cf3\f51\fs18\qj MasterCraft Boat Holdings, Inc 2010}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005733/a2225185zex-10_2.htm" }{\*\fldrslt\cf3\f51\fs18\qj Equity Incentive Plan}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc S-1/A\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 333-203815\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.4\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 6/25/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh736
\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.3\u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_3.htm" }{\*\fldrslt\cf3\f51\fs18\qj MasterCraft Boat Holdings, Inc.}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_3.htm" }{\*\fldrslt\cf3\f51\fs18\qj Management Incentive Plan}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_3.htm" }{\*\fldrslt\cf3\f51\fs18\qj (terminated on February 6, 2015)}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc S-1/A\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 333-203815\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.3\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 7/7/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh513
\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.4\u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915006121/a2225341zex-10_4.htm" }{\*\fldrslt\cf3\f51\fs18\qj MasterCraft Boat Holdings, Inc.}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915006121/a2225341zex-10_4.htm" }{\*\fldrslt\cf3\f51\fs18\qj 2015 Incentive Award Plan}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc S-1/A\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 333-203815\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.4\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 7/15/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh958
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{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh736
\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.6\u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_12.htm" }{\*\fldrslt\cf3\f51\fs18\qj Form of Stock Option Agreement}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_12.htm" }{\*\fldrslt\cf3\f51\fs18\qj and Grant Notice under 2015}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_12.htm" }{\*\fldrslt\cf3\f51\fs18\qj Incentive Award Plan (employee)}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc S-1/A\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 333-203815\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.12\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 7/7/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.9\u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005886/a2225276zex-10_17.htm" }{\*\fldrslt\cf3\f51\fs18\qj Non-Employee Director}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005886/a2225276zex-10_17.htm" }{\*\fldrslt\cf3\f51\fs18\qj Compensation Policy}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc S-1/A\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 333-203815\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.17\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 7/1/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh959
\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.10\u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918043564/a18-16310_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Employment Agreement between}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918043564/a18-16310_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj MasterCraft Boat Company, LLC}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918043564/a18-16310_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj and Terry McNew, effective as of}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918043564/a18-16310_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj July 1, 2018}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 7/2/18\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh959\row}}}
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh0
\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.11\u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918043564/a18-16310_1ex10d2.htm" }{\*\fldrslt\cf3\f51\fs18\qj Employment Agreement between}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918043564/a18-16310_1ex10d2.htm" }{\*\fldrslt\cf3\f51\fs18\qj MasterCraft Boat Company, LLC}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918043564/a18-16310_1ex10d2.htm" }{\*\fldrslt\cf3\f51\fs18\qj and Timothy M. Oxley, effective as}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918043564/a18-16310_1ex10d2.htm" }{\*\fldrslt\cf3\f51\fs18\qj of July 1, 2018}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.2\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 7/2/18\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh0\row}}}
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh155
\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.12\u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837018007407/mcft-20180630ex10126f395.htm" }{\*\fldrslt\cf3\f51\fs18\qj Offer Letter between MasterCraft}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837018007407/mcft-20180630ex10126f395.htm" }{\*\fldrslt\cf3\f51\fs18\qj Boat Holdings, Inc. and Tim}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837018007407/mcft-20180630ex10126f395.htm" }{\*\fldrslt\cf3\f51\fs18\qj Schieck, dated October 9, 2017}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.12\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 9/7/18\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh155\row}}}
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh513
\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.13\u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_9.htm" }{\*\fldrslt\cf3\f51\fs18\qj Form of Indemnification Agreement}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_9.htm" }{\*\fldrslt\cf3\f51\fs18\qj for directors and officers}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc S-1/A\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 333-203815\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.9\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 7/7/15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh513\row}}}
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh736
\pard\plain\intbl\li154\cf1\f51\fs18\qr 10.14\plain\intbl\li154\cf1\f51\fs20\qr \u8224?\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916141634/a16-17515_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Form of Performance Stock Unit}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916141634/a16-17515_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Award Agreement under 2015}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916141634/a16-17515_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Incentive Award Plan}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8/26/16\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4330\clvertalb\cellx4505\cellx4938\cellx5511\clvertalb\cellx5724\cellx6767\clvertalb\cellx6980\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh736\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 34\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs18\qr 10.15\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Third Amended and Restated Credit and}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Guaranty Agreement, dated October\~2, 2017,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj by and among MasterCraft Boat Company,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj LLC, MasterCraft Services,\~Inc., MCBC Hydra}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Boats, LLC, MasterCraft International Sales}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Administration,\~Inc., Nautic Star, LLC, NS}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Transport, LLC and Navigator Marine, LLC as}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj borrowers and other credit parties, various}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj lenders and Fifth Third Bank as the agent and}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj L/C issuer and lender}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10/2/17\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs18\qr 10.16\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Fourth Amended and Restated Credit and}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Guaranty Agreement, dated October 1, 2018,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj by and among MasterCraft Boat Holdings, Inc.}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj as a guarantor, MasterCraft Boat Company,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj LLC, MasterCraft Services, LLC, MasterCraft}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj International Sales Administration, Inc., Nautic}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Star, LLC, NS Transport, LLC, and Crest}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Marine LLC as borrowers, Fifth Third Bank as}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj the agent and letter of credit issuer, and the}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465918059548/a18-36113_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj lenders party thereto}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10/1/18\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs18\qr 31.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_4" }{\*\fldrslt\cf3\f51\fs18\qj Rule\~13a-14(a)/15d-14(a) Certification of}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_4" }{\*\fldrslt\cf3\f51\fs18\qj Chief Executive Officer}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs18\qr 31.2\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_5" }{\*\fldrslt\cf3\f51\fs18\qj Rule\~13a-14(a)/15d-14(a) Certification of}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_5" }{\*\fldrslt\cf3\f51\fs18\qj Chief Financial Officer}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs18\qr 32.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_6" }{\*\fldrslt\cf3\f51\fs18\qj Section\~1350 Certification of Chief Executive}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_6" }{\*\fldrslt\cf3\f51\fs18\qj Officer}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc **\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\cf1\f51\fs18\qr 32.2\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_7" }{\*\fldrslt\cf3\f51\fs18\qj Section\~1350 Certification of Chief Financial}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_7" }{\*\fldrslt\cf3\f51\fs18\qj Officer}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc **\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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\pard\plain\intbl\li154\cf1\f51\fs18\qr 101.INS\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\qj XBRL Instance Document\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh313\row}}}
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\pard\plain\intbl\li154\cf1\f51\fs18\qr 101.SCH\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\qj XBRL Taxonomy Extension Schema\plain\intbl\sa22\cf1\f51\fs18\qj Document\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
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{\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535
\pard\plain\intbl\li154\cf1\f51\fs18\qr 101.CAL\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\qj XBRL Taxonomy Extension Calculation\plain\intbl\sa22\cf1\f51\fs18\qj Linkbase Document\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535\row}}}
{\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535
\pard\plain\intbl\li154\cf1\f51\fs18\qr 101.LAB\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\qj XBRL Taxonomy Extension Label Linkbase\plain\intbl\sa22\cf1\f51\fs18\qj Document\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535\row}}}
{\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535
\pard\plain\intbl\li154\cf1\f51\fs18\qr 101.PRE\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\qj XBRL Taxonomy Extension Presentation\plain\intbl\sa22\cf1\f51\fs18\qj Linkbase Document\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535\row}}}
{\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535
\pard\plain\intbl\li154\cf1\f51\fs18\qr 101.DEF\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\qj XBRL Taxonomy Extension Definition\plain\intbl\sa22\cf1\f51\fs18\qj Linkbase Document\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{
{\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535\row}}}\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\pard\plain\li792\sa66\fi-792\cf1\f51\fs20\ql \u8224?Indicates management contract or compensatory plan.\par\pard\plain\li792\sa66\fi-792\cf1\f51\fs20\ql *Filed herewith.\par\pard\plain\li792\sa66\fi-792\cf1\f51\fs20\ql **Furnished herewith.\par\pard\plain\sb528\cf1\f51\fs20\qc 35\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~
\page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12540826" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}{\*\bkmkstart part_1_2_3}{\*\bkmkend part_1_2_3}{\*\bkmkstart signatures_12540826}{\*\bkmkend signatures_12540826}\par\pard\plain\cf1\f51\fs20\b\qc SIGNATURES\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qj Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the\plain\cf1\f51\fs20\qj following persons on behalf of the registrant and in the capacities and on the dates indicated.\par\pard\plain\cf1\f51\fs20\ql \~
\par\pard\plain
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\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh66\row}}}
{\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3282\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7663\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7824\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh310
\pard\plain\intbl\sb44\sa44\cf1\f51\fs16\b\qc Signature\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs16\b\qc Title\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs16\b\qc Date\cell{
{\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3282\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7663\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7824\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh310\row}}}
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360
\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}}
{\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh608
\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql /s/ TERRY MCNEW\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql President and Chief Executive Officer (Principal\plain\intbl\sa44\cf1\f51\fs20\ql Executive Officer) and Director\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh608\row}}}
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360
\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql Terry McNew\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql November 8, 2018\cell{
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}}
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360
\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}}
{\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh608
\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql /s/ TIMOTHY M. OXLEY\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql Chief Financial Officer (Principal Financial and\plain\intbl\sa44\cf1\f51\fs20\ql Accounting Officer), Treasurer and Secretary\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh608\row}}}
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360
\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql Timothy M. Oxley\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql November 8, 2018\cell{
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}}
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360
\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{
{\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 36\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\page{\*\bkmkstart doc_1_2}{\*\bkmkend doc_1_2}\par\pard\plain\cf1\f51\fs24\b\qr Exhibit 3.2\par\pard\plain\sb264\fi792\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs24\b\qc CERTIFICATE OF AMENDMENT
\par\pard\plain\fs16\pard\plain\cf1\f51\fs24\b\qc TO THE
\par\pard\plain\fs16\pard\plain\cf1\f51\fs24\b\qc AMENDED AND RESTATED\par\pard\plain\cf1\f51\fs24\b\qc CERTIFICATE OF INCORPORATION OF
\par\pard\plain\fs16\pard\plain\sa264\cf1\f51\fs24\b\qc MCBC HOLDINGS, INC.\par\pard\plain\fi792\cf1\f51\fs24\qj Pursuant to Section 242 of the General Corporation Law of the State of Delaware,\plain\cf1\f51\fs24\qj MCBC Holdings, Inc. (the \u8220?\plain\cf1\f51\fs24\b\qj Corporation\plain\cf1\f51\fs24\qj \u8221?) hereby adopts the following\plain\cf1\f51\fs24\qj Certificate of Amendment to its Amended and Restated Certificate of Incorporation and\plain\sa264\cf1\f51\fs24\qj certifies as follows:
\par\pard\plain
{\trowd\clvertalc\cellx720\cellx1160\clvertalc\cellx1440\cellx9529\trrh590
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\sa264\cf1\f51\fs24\qj 1.\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\sa264\cf1\f51\fs24\qj The name of this corporation is MCBC Holdings, Inc.\cell{
{\trowd\clvertalc\cellx720\cellx1160\clvertalc\cellx1440\cellx9529\trrh590\row}}}
\par\pard\plain
{\trowd\clvertalc\cellx720\cellx1160\clvertalc\cellx1440\cellx9529\trrh590
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\sa264\cf1\f51\fs24\qj 2.\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\sa264\cf1\f51\fs24\qj The amendment so adopted is:\cell{
{\trowd\clvertalc\cellx720\cellx1160\clvertalc\cellx1440\cellx9529\trrh590\row}}}\pard\plain\li792\fi792\cf1\f51\fs24\qj The Amended and Restated Certificate of Incorporation is hereby amended by\plain\li792\sa264\cf1\f51\fs24\qj deleting the following phrase:\par\pard\plain\li792\ri792\cf1\f51\fs24\qc \u8220?\plain\li792\ri792\sa264\cf1\f51\fs24\b\qc Article 1.\par\pard\plain\li792\ri792\fi792\cf1\f51\fs24\qj The name of the corporation is MCBC Holdings, Inc. (the\plain\li792\ri792\cf1\f51\fs24\qj \u8220?\plain\li792\ri792\cf1\f51\fs24\b\i\qj Corporation\plain\li792\ri792\sa264\cf1\f51\fs24\qj \u8221?).\u8221?\par\pard\plain\li792\ri792\sa264\fi792\cf1\f51\fs24\qj and substituting in lieu thereof the following phrase:\par\pard\plain\li792\ri792\cf1\f51\fs24\qc \u8220?\plain\li792\ri792\sa264\cf1\f51\fs24\b\qc Article 1.\par\pard\plain\li792\ri792\fi792\cf1\f51\fs24\qj The name of the corporation is MasterCraft Boat Holdings, Inc. (the\plain\li792\ri792\cf1\f51\fs24\qj \u8220?\plain\li792\ri792\cf1\f51\fs24\b\i\qj Corporation\plain\li792\ri792\sa264\cf1\f51\fs24\qj \u8221?).\u8221?\par\pard\plain\fi792\cf1\f51\fs24\qj 3.Except as hereinabove amended, the Amended and Restated Certificate of\plain\sa264\cf1\f51\fs24\qj Incorporation remains in full force and effect.\par\pard\plain\fi792\cf1\f51\fs24\qj 4.The foregoing Amendment to the Amended and Restated Certificate of Incorporation\plain\cf1\f51\fs24\qj was duly adopted in accordance with the provisions of Section 242 of the General Corporation\plain\cf1\f51\fs24\qj Law of the State of Delaware by the Board of Directors of the Corporation as of November 7,\plain\sa264\cf1\f51\fs24\qj 2018.\par\pard\plain\sa264\fi792\cf1\f51\fs24\qj \~\par\pard\plain\sa264\fi792\cf1\f51\fs24\qj \~\par\pard\plain\sb264\fi792\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li242\ri242\cf1\f51\fs20\ql \~
\page\par\pard\plain\cf1\f51\fs24\li1270\ql \~\par\pard\plain\fi792\cf1\f51\fs24\qj IN WITNESS WHEREOF, the Corporation has caused this Certificate of Amendment to\plain\cf1\f51\fs24\qj the Amended and Restated Certificate of Incorporation to be signed by Terry McNew, its Chief\plain\sa528\cf1\f51\fs24\qj Executive Officer, on November 7, 2018.\par\pard\plain\li3960\fi792\cf1\f51\fs24\b\qj MCBC HOLDINGS, INC.\par\pard\plain\li3960\sa528\cf1\f51\fs24\qj \~
\par\pard\plain
{\trowd\cellx1673\clvertalc\cellx5419\trrh297
\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{
{\trowd\cellx1673\clvertalc\cellx5419\trrh297\row}}}
{\trowd\cellx1673\cellx5419\trrh594
\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql By:\~\~_\plain\intbl\cf1\f51\fs24\ql /s/ Terry\plain\intbl\cf1\f51\fs24\ql McNew\plain\intbl\cf1\f51\fs24\ql _______________________\cell{
{\trowd\cellx1673\cellx5419\trrh594\row}}}
{\trowd\cellx1673\cellx5419\trrh297
\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Name: Terry McNew\cell{
{\trowd\cellx1673\cellx5419\trrh297\row}}}
{\trowd\cellx1673\cellx5419\trrh297
\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Title: Chief Executive Officer\cell{
{\trowd\cellx1673\cellx5419\trrh297\row}}}
{\trowd\cellx1673\cellx5419\trrh297
\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql \~\cell{
{\trowd\cellx1673\cellx5419\trrh297\row}}}\pard\plain\sb264\fi792\cf1\f51\fs24\ql \~\par\pard\plain\sb264\fi792\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs18\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\page{\*\bkmkstart doc_1_3}{\*\bkmkend doc_1_3}\par\pard\plain\sa264\cf1\f51\fs24\b\qr Exhibit 3.3\par\pard\plain\sb660\sa924\cf1\f51\fs24\qc \~\par\pard\plain\sb660\sa924\cf1\f51\fs24\qc \~\par\pard\plain\sb660\sa660\cf1\f51\fs24\b\qc SECOND AMENDED AND RESTATED BYLAWS\par\pard\plain\sb660\sa660\cf1\f51\fs24\b\qc OF\par\pard\plain\sb660\sa660\cf1\f51\fs24\b\qc MASTERCRAFT BOAT HOLDINGS, INC.\par\pard\plain\sb660\sa660\cf1\f51\fs24\qc \~\par\pard\plain\sb660\sa660\cf1\f51\fs24\qc \~\par\pard\plain\sb660\sa660\cf1\f51\fs24\qc Dated as of November 7, 2018\par\pard\plain\brdrb\brdrs\sb924\sa660\cf1\f51\fs24\qc \~\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li242\ri242\cf1\f51\fs20\ql \~
\page\par\pard\plain\sa264\cf1\f51\fs24\b\qc CONTENTS
\par\pard\plain
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 1.08\cell\pard\plain\intbl\cf1\f51\fs24\ql Voting; Proxies\cell\pard\plain\intbl\cf1\f51\fs24\qr 2\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 1.09\cell\pard\plain\intbl\cf1\f51\fs24\ql Fixing Date for Determination of Stockholders of Record\cell\pard\plain\intbl\cf1\f51\fs24\qr 3\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 1.10\cell\pard\plain\intbl\cf1\f51\fs24\ql List of Stockholders Entitled to Vote\cell\pard\plain\intbl\cf1\f51\fs24\qr 4\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 1.11\cell\pard\plain\intbl\cf1\f51\fs24\ql Action by Written Consent of Stockholders\cell\pard\plain\intbl\cf1\f51\fs24\qr 4\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 1.12\cell\pard\plain\intbl\cf1\f51\fs24\ql Inspectors of Election\cell\pard\plain\intbl\cf1\f51\fs24\qr 4\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 1.13\cell\pard\plain\intbl\cf1\f51\fs24\ql Conduct of Meetings\cell\pard\plain\intbl\cf1\f51\fs24\qr 5\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 1.14\cell\pard\plain\intbl\cf1\f51\fs24\ql Notice of Stockholder Business and Nominations\cell\pard\plain\intbl\cf1\f51\fs24\qr 5\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 1.15\cell\pard\plain\intbl\cf1\f51\fs24\ql Submission of Questionnaire, Representation and Agreement\cell\pard\plain\intbl\cf1\f51\fs24\qr 9\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql Article II.\~Board of Directors\cell\pard\plain\intbl\cf1\f51\fs24\qr 10\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 2.01\cell\pard\plain\intbl\cf1\f51\fs24\ql Number; Qualifications\cell\pard\plain\intbl\cf1\f51\fs24\qr 10\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 2.02\cell\pard\plain\intbl\cf1\f51\fs24\ql Election; Resignation; Vacancies\cell\pard\plain\intbl\cf1\f51\fs24\qr 10\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 2.03\cell\pard\plain\intbl\cf1\f51\fs24\ql Regular Meetings\cell\pard\plain\intbl\cf1\f51\fs24\qr 11\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 2.05\cell\pard\plain\intbl\cf1\f51\fs24\ql Telephonic Meetings Permitted\cell\pard\plain\intbl\cf1\f51\fs24\qr 11\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 2.06\cell\pard\plain\intbl\cf1\f51\fs24\ql Quorum; Vote Required for Action\cell\pard\plain\intbl\cf1\f51\fs24\qr 11\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 2.07\cell\pard\plain\intbl\cf1\f51\fs24\ql Organization\cell\pard\plain\intbl\cf1\f51\fs24\qr 11\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 2.08\cell\pard\plain\intbl\cf1\f51\fs24\ql Action by Unanimous Consent of Directors\cell\pard\plain\intbl\cf1\f51\fs24\qr 11\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 2.09\cell\pard\plain\intbl\cf1\f51\fs24\ql Compensation of Directors\cell\pard\plain\intbl\cf1\f51\fs24\qr 11\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql Article III.\~Committees\cell\pard\plain\intbl\cf1\f51\fs24\qr 12\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 3.01\cell\pard\plain\intbl\cf1\f51\fs24\ql Committees\cell\pard\plain\intbl\cf1\f51\fs24\qr 12\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 3.02\cell\pard\plain\intbl\cf1\f51\fs24\ql Committee Rules\cell\pard\plain\intbl\cf1\f51\fs24\qr 12\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql Article IV.\~Officers\cell\pard\plain\intbl\cf1\f51\fs24\qr 12\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.01\cell\pard\plain\intbl\cf1\f51\fs24\ql Officers\cell\pard\plain\intbl\cf1\f51\fs24\qr 12\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.02\cell\pard\plain\intbl\cf1\f51\fs24\ql Removal, Resignation and Vacancies\cell\pard\plain\intbl\cf1\f51\fs24\qr 13\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.03\cell\pard\plain\intbl\cf1\f51\fs24\ql Chairperson\cell\pard\plain\intbl\cf1\f51\fs24\qr 13\cell{
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{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2651\clshdng100\clcfpat7\clcbpat7\cellx8935\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh297
\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.04\cell\pard\plain\intbl\cf1\f51\fs24\ql Chief Executive Officer\cell\pard\plain\intbl\cf1\f51\fs24\qr 13\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.05\cell\pard\plain\intbl\cf1\f51\fs24\ql Chief Financial Officer\cell\pard\plain\intbl\cf1\f51\fs24\qr 13\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.06\cell\pard\plain\intbl\cf1\f51\fs24\ql President\cell\pard\plain\intbl\cf1\f51\fs24\qr 13\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.07\cell\pard\plain\intbl\cf1\f51\fs24\ql Vice Presidents\cell\pard\plain\intbl\cf1\f51\fs24\qr 13\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.08\cell\pard\plain\intbl\cf1\f51\fs24\ql Treasurer\cell\pard\plain\intbl\cf1\f51\fs24\qr 14\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.09\cell\pard\plain\intbl\cf1\f51\fs24\ql Controller\cell\pard\plain\intbl\cf1\f51\fs24\qr 14\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.10\cell\pard\plain\intbl\cf1\f51\fs24\ql Secretary\cell\pard\plain\intbl\cf1\f51\fs24\qr 14\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.11\cell\pard\plain\intbl\cf1\f51\fs24\ql Appointing Attorneys and Agents; Voting Securities of Other\plain\intbl\cf1\f51\fs24\ql Entities\cell\pard\plain\intbl\cf1\f51\fs24\qr 14\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 4.12\cell\pard\plain\intbl\cf1\f51\fs24\ql Additional Matters\cell\pard\plain\intbl\cf1\f51\fs24\qr 15\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qr \~\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql Article V.\~Stock\cell\pard\plain\intbl\cf1\f51\fs24\qr 15\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qr \~\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 5.01\cell\pard\plain\intbl\cf1\f51\fs24\ql Certificates\cell\pard\plain\intbl\cf1\f51\fs24\qr 15\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 5.02\cell\pard\plain\intbl\cf1\f51\fs24\ql Lost, Stolen or Destroyed Stock Certificates; Issuance of New\plain\intbl\cf1\f51\fs24\ql Certificates\cell\pard\plain\intbl\cf1\f51\fs24\qr 16\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qr \~\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql Article VI.\~Indemnification and Advancement of Expenses\cell\pard\plain\intbl\cf1\f51\fs24\qr 16\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qr \~\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 6.01\cell\pard\plain\intbl\cf1\f51\fs24\ql Right to Indemnification\cell\pard\plain\intbl\cf1\f51\fs24\qr 16\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 6.02\cell\pard\plain\intbl\cf1\f51\fs24\ql Advancement of Expenses\cell\pard\plain\intbl\cf1\f51\fs24\qr 16\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 6.03\cell\pard\plain\intbl\cf1\f51\fs24\ql Claims\cell\pard\plain\intbl\cf1\f51\fs24\qr 16\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 6.04\cell\pard\plain\intbl\cf1\f51\fs24\ql Non-exclusivity of Rights\cell\pard\plain\intbl\cf1\f51\fs24\qr 17\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 6.05\cell\pard\plain\intbl\cf1\f51\fs24\ql Other Sources\cell\pard\plain\intbl\cf1\f51\fs24\qr 17\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 6.06\cell\pard\plain\intbl\cf1\f51\fs24\ql Amendment or Repeal\cell\pard\plain\intbl\cf1\f51\fs24\qr 17\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 6.07\cell\pard\plain\intbl\cf1\f51\fs24\ql Other Indemnification and Advancement of Expenses\cell\pard\plain\intbl\cf1\f51\fs24\qr 17\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qr \~\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql Article VII.\~Miscellaneous\cell\pard\plain\intbl\cf1\f51\fs24\qr 17\cell{
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\pard\plain\intbl\li616\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qr \~\cell{
{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2656\clshdng100\clcfpat7\clcbpat7\cellx9052\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh297\row}}}
{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2656\clshdng100\clcfpat7\clcbpat7\cellx9052\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh297
\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 7.01\cell\pard\plain\intbl\cf1\f51\fs24\ql Fiscal Year\cell\pard\plain\intbl\cf1\f51\fs24\qr 17\cell{
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{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2656\clshdng100\clcfpat7\clcbpat7\cellx9052\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh297
\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 7.02\cell\pard\plain\intbl\cf1\f51\fs24\ql Seal\cell\pard\plain\intbl\cf1\f51\fs24\qr 17\cell{
{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2656\clshdng100\clcfpat7\clcbpat7\cellx9052\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh297\row}}}
{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2656\clshdng100\clcfpat7\clcbpat7\cellx9052\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh297
\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 7.03\cell\pard\plain\intbl\cf1\f51\fs24\ql Manner of Notice\cell\pard\plain\intbl\cf1\f51\fs24\qr 17\cell{
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{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2656\clshdng100\clcfpat7\clcbpat7\cellx9052\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh594
\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 7.04\cell\pard\plain\intbl\cf1\f51\fs24\ql Waiver of Notice of Meetings of Stockholders, Directors and\plain\intbl\cf1\f51\fs24\ql Committees\cell\pard\plain\intbl\cf1\f51\fs24\qr 18\cell{
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{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2656\clshdng100\clcfpat7\clcbpat7\cellx9052\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh297
\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 7.05\cell\pard\plain\intbl\cf1\f51\fs24\ql Form of Records\cell\pard\plain\intbl\cf1\f51\fs24\qr 18\cell{
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{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2656\clshdng100\clcfpat7\clcbpat7\cellx9052\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh297
\pard\plain\intbl\li616\cf1\f51\fs24\ql Section 7.06\cell\pard\plain\intbl\cf1\f51\fs24\ql Amendment of Bylaws\cell\pard\plain\intbl\cf1\f51\fs24\qr 18\cell{
{\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx2656\clshdng100\clcfpat7\clcbpat7\cellx9052\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9529\trrh297\row}}}\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li242\ri242\cf1\f51\fs20\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qc Article I.
\par\pard\plain\intbl\fs16{\*\bkmkstart _toc527987851_12540826}{\*\bkmkend _toc527987851_12540826}\pard\plain\intbl\sa264\cf1\f51\fs24\qc Meetings of Stockholders\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.01{\*\bkmkstart _toc527987852_12540826}{\*\bkmkend _toc527987852_12540826}\plain\intbl\cf1\f51\fs24\ql Place of Meetings\plain\intbl\cf1\f51\fs24\ql .\~\~Meetings of Stockholders of MasterCraft Boat Holdings, Inc.,\plain\intbl\cf1\f51\fs24\ql a Delaware corporation (the \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Corporation\plain\intbl\cf1\f51\fs24\ql \u8221?; and such Stockholders, the\plain\intbl\cf1\f51\fs24\ql \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Stockholders\plain\intbl\cf1\f51\fs24\ql \u8221?), may be held at any place, within or without the State of\plain\intbl\cf1\f51\fs24\ql Delaware, as may be designated by the board of directors of the Corporation (the\plain\intbl\cf1\f51\fs24\ql \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Board of Directors\plain\intbl\cf1\f51\fs24\ql \u8221?).\~\~In the absence of such designation, meetings of\plain\intbl\cf1\f51\fs24\ql Stockholders shall be held at the principal executive office of the Corporation.\~\~The Board of\plain\intbl\cf1\f51\fs24\ql Directors may, in its sole discretion, determine that a meeting of Stockholders shall not be held\plain\intbl\cf1\f51\fs24\ql at any place, but may instead be held solely by means of remote communication authorized by\plain\intbl\cf1\f51\fs24\ql and in accordance with Section 211(a)(2) of the General Corporation Law of the State of\plain\intbl\cf1\f51\fs24\ql Delaware.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.02{\*\bkmkstart _toc527987853_12540826}{\*\bkmkend _toc527987853_12540826}\plain\intbl\cf1\f51\fs24\ql Annual Meetings\plain\intbl\cf1\f51\fs24\ql .\~\~If required by applicable law, an annual meeting of\plain\intbl\cf1\f51\fs24\ql Stockholders shall be held for the election of directors at such date and time as may be\plain\intbl\cf1\f51\fs24\ql designated by resolution of the Board of Directors from time to time.\~\~Any other proper\plain\intbl\cf1\f51\fs24\ql business may be transacted at the annual meeting.\~\~The Corporation may postpone, reschedule\plain\intbl\cf1\f51\fs24\ql or cancel any annual meeting of Stockholders previously scheduled by the Board of Directors.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh1485\row}}}\pard\plain\cf1\f51\fs24\ql \~
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{\trowd\clvertalc\cellx1\cellx9529\trrh2673
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.03{\*\bkmkstart _toc527987854_12540826}{\*\bkmkend _toc527987854_12540826}\plain\intbl\cf1\f51\fs24\ql Special Meetings\plain\intbl\cf1\f51\fs24\ql .\~\~Special meetings of Stockholders for any purpose or purposes\plain\intbl\cf1\f51\fs24\ql may be called only in the manner provided in the Amended and Restated Certificate of\plain\intbl\cf1\f51\fs24\ql Incorporation of the Corporation dated as of July 22, 2015 (as the same may be further\plain\intbl\cf1\f51\fs24\ql amended, restated, amended and restated or otherwise modified from time to time, the\plain\intbl\cf1\f51\fs24\ql \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Certificate of Incorporation\plain\intbl\cf1\f51\fs24\ql \u8221?).\~\~Special meetings validly called in accordance\plain\intbl\cf1\f51\fs24\ql with Article 7 of the Certificate of Incorporation may be held at such date and time as specified\plain\intbl\cf1\f51\fs24\ql in the applicable notice.\~\~Business transacted at any special meeting of Stockholders shall be\plain\intbl\cf1\f51\fs24\ql limited to the purposes stated in the notice.\~\~The Corporation may postpone, reschedule or\plain\intbl\cf1\f51\fs24\ql cancel any special meeting of Stockholders previously scheduled by the Board of Directors.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh2673\row}}}\pard\plain\cf1\f51\fs24\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.04{\*\bkmkstart _toc527987855_12540826}{\*\bkmkend _toc527987855_12540826}\plain\intbl\cf1\f51\fs24\ql Notice of Meetings\plain\intbl\cf1\f51\fs24\ql .\~\~Whenever Stockholders are required or permitted to take any\plain\intbl\cf1\f51\fs24\ql action at a meeting, a notice of the meeting shall be given that shall state the place, if any, date\plain\intbl\cf1\f51\fs24\ql and hour of the meeting, the means of remote communications, if any, by which Stockholders\plain\intbl\cf1\f51\fs24\ql and proxy holders may be deemed to be present in person and vote at such meeting, the record\plain\intbl\cf1\f51\fs24\ql date for determining the Stockholders entitled to vote at the meeting (if such date is different\plain\intbl\cf1\f51\fs24\ql from the record date for Stockholders entitled to notice of the meeting) and, in the case of a\plain\intbl\cf1\f51\fs24\ql special meeting, the purpose or purposes for which the meeting is called.\~\~Unless otherwise\plain\intbl\cf1\f51\fs24\ql provided by law, the Certificate of Incorporation or these Second Amended and Restated\plain\intbl\cf1\f51\fs24\ql Bylaws adopted by the Board of Directors as of November 7, 2018 (as the same may be further\plain\intbl\cf1\f51\fs24\ql amended, restated, amended and restated or otherwise modified from time to time, these\plain\intbl\cf1\f51\fs24\ql \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Bylaws\plain\intbl\cf1\f51\fs24\ql \u8221?), the notice of any meeting shall be given not less than ten (10) nor\plain\intbl\cf1\f51\fs24\ql more than sixty (60) days before the date of the meeting to each Stockholder entitled to vote at\plain\intbl\cf1\f51\fs24\ql the meeting as of the record date for determining the Stockholders entitled to notice of the\plain\intbl\cf1\f51\fs24\ql meeting.\~\~If mailed, such notice shall be deemed to be given when deposited in the United\plain\intbl\cf1\f51\fs24\ql States mail, postage prepaid, directed to the Stockholder at such Stockholder\u8217?s address as\plain\intbl\cf1\f51\fs24\ql it appears on the records of the Corporation.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh4752\row}}}\pard\plain\cf1\f51\fs24\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.05{\*\bkmkstart _toc527987856_12540826}{\*\bkmkend _toc527987856_12540826}\plain\intbl\cf1\f51\fs24\ql Adjournments\plain\intbl\cf1\f51\fs24\ql .\~\~Any meeting of Stockholders, annual or special, may adjourn from\plain\intbl\cf1\f51\fs24\ql time to time to reconvene at the same or some other place, if any, and notice need\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh594\row}}}\pard\plain\cf1\f51\fs24\qc 1\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li242\ri242\cf1\f51\fs20\ql \~
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{\trowd\cellx9529\trrh3564
\pard\plain\intbl\cf1\f51\fs24\ql not be given of any such adjourned meeting if the time and place, if any, thereof are announced\plain\intbl\cf1\f51\fs24\ql at the meeting at which the adjournment is taken.\~\~At the adjourned meeting the Corporation\plain\intbl\cf1\f51\fs24\ql may transact any business which might have been transacted at the original meeting.\~\~If the\plain\intbl\cf1\f51\fs24\ql adjournment is for more than thirty (30) days, a notice of the adjourned meeting shall be given\plain\intbl\cf1\f51\fs24\ql to each Stockholder of record entitled to vote at the meeting.\~\~If after the adjournment a new\plain\intbl\cf1\f51\fs24\ql record date for determination of Stockholders entitled to vote is fixed for the adjourned\plain\intbl\cf1\f51\fs24\ql meeting, the Board of Directors shall fix the record date for determining Stockholders entitled\plain\intbl\cf1\f51\fs24\ql to notice of such adjourned meeting as provided in Section 1.09(a) of these Bylaws, and shall\plain\intbl\cf1\f51\fs24\ql give notice of the adjourned meeting to each Stockholder of record as of the record date so\plain\intbl\cf1\f51\fs24\ql fixed for notice of such adjourned meeting.\~\~If mailed, such notice shall be deemed to be given\plain\intbl\cf1\f51\fs24\ql when deposited in the United States mail, postage prepaid, directed to the Stockholder at such\plain\intbl\cf1\f51\fs24\ql Stockholder\u8217?s address as it appears on the records of the Corporation.\cell{
{\trowd\cellx9529\trrh3564\row}}}\pard\plain\cf1\f51\fs24\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.06{\*\bkmkstart _toc527987857_12540826}{\*\bkmkend _toc527987857_12540826}\plain\intbl\cf1\f51\fs24\ql Quorum\plain\intbl\cf1\f51\fs24\ql .\~\~Except as otherwise provided by law, the Certificate of Incorporation or\plain\intbl\cf1\f51\fs24\ql these Bylaws, at each meeting of Stockholders the presence or participation in person or by\plain\intbl\cf1\f51\fs24\ql proxy of the holders of a majority in voting power of the outstanding shares of capital stock of\plain\intbl\cf1\f51\fs24\ql the Corporation (\u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Stock\plain\intbl\cf1\f51\fs24\ql \u8221?) entitled to vote at the meeting shall be necessary and\plain\intbl\cf1\f51\fs24\ql sufficient to constitute a quorum.\~\~In the absence of a quorum, the Stockholders so present may,\plain\intbl\cf1\f51\fs24\ql by a majority in voting power thereof, adjourn the meeting from time to time in the manner\plain\intbl\cf1\f51\fs24\ql provided in Section 1.05 of these Bylaws until a quorum shall attend or participate.\~\~Shares of\plain\intbl\cf1\f51\fs24\ql Stock belonging to the Corporation or to another corporation, if a majority of the shares entitled\plain\intbl\cf1\f51\fs24\ql to vote in the election of directors of such other corporation is held, directly or indirectly, by\plain\intbl\cf1\f51\fs24\ql the Corporation, shall neither be entitled to vote nor be counted for quorum purposes;\plain\intbl\cf1\f51\fs24\i\ql provided,\plain\intbl\cf1\f51\fs24\i\ql however\plain\intbl\cf1\f51\fs24\ql , that the foregoing shall not limit the right of the Corporation or any subsidiary of the\plain\intbl\cf1\f51\fs24\ql Corporation to vote shares of Stock held by it in a fiduciary capacity.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.07{\*\bkmkstart _toc527987858_12540826}{\*\bkmkend _toc527987858_12540826}\plain\intbl\cf1\f51\fs24\ql Organization\plain\intbl\cf1\f51\fs24\ql .\~\~Meetings of Stockholders shall be presided over by the Chairperson,\plain\intbl\cf1\f51\fs24\ql or in his or her absence by any Vice Chairperson, if any, or in his or her absence by the Chief\plain\intbl\cf1\f51\fs24\ql Executive Officer, or in his or her absence by the President or by a chairperson designated by\plain\intbl\cf1\f51\fs24\ql the Board of Directors, or in the absence of such designation by a chairperson chosen at the\plain\intbl\cf1\f51\fs24\ql meeting by vote of a majority of the Stockholders entitled to vote at the meeting.\~\~The\plain\intbl\cf1\f51\fs24\ql Secretary shall act as secretary of the meeting, but in his or her absence the chairperson of the\plain\intbl\cf1\f51\fs24\ql meeting may appoint any person to act as secretary of the meeting.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.08{\*\bkmkstart _toc527987859_12540826}{\*\bkmkend _toc527987859_12540826}\plain\intbl\cf1\f51\fs24\ql Voting; Proxies\plain\intbl\cf1\f51\fs24\ql .\~\~Except as otherwise provided by or pursuant to the provisions of\plain\intbl\cf1\f51\fs24\ql the Certificate of Incorporation, each Stockholder entitled to vote at any meeting of\plain\intbl\cf1\f51\fs24\ql Stockholders shall be entitled to one vote for each share of Stock held by such Stockholder\plain\intbl\cf1\f51\fs24\ql which has voting power upon the matter in question.\~\~Each Stockholder entitled to vote at a\plain\intbl\cf1\f51\fs24\ql meeting of Stockholders or express consent to corporate action in writing without a meeting (if\plain\intbl\cf1\f51\fs24\ql permitted by the Certificate of Incorporation) may authorize another person or persons to act\plain\intbl\cf1\f51\fs24\ql for such Stockholder by proxy, but no such proxy shall be voted or acted upon after three years\plain\intbl\cf1\f51\fs24\ql from its date, unless the proxy provides for a longer period.\~\~A proxy shall be irrevocable if it\plain\intbl\cf1\f51\fs24\ql states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in\plain\intbl\cf1\f51\fs24\ql law to support an irrevocable power.\~\~A Stockholder may revoke any proxy which is not\plain\intbl\cf1\f51\fs24\ql irrevocable by attending the meeting and voting in person or by delivering to the Secretary a\plain\intbl\cf1\f51\fs24\ql revocation of the proxy or a new proxy bearing a later date.\~\~Voting at meetings of\plain\intbl\cf1\f51\fs24\ql Stockholders need not be by written ballot.\~\~Unless otherwise provided in the Certificate of\plain\intbl\cf1\f51\fs24\ql Incorporation, at all meetings of\cell{
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{\trowd\cellx9529\trrh2376
\pard\plain\intbl\cf1\f51\fs24\ql Stockholders for the election of directors at which a quorum is present a plurality of the votes\plain\intbl\cf1\f51\fs24\ql cast shall be sufficient to elect directors.\~\~All other elections and questions presented to the\plain\intbl\cf1\f51\fs24\ql Stockholders at a meeting at which a quorum is present shall, unless otherwise provided by the\plain\intbl\cf1\f51\fs24\ql Certificate of Incorporation, these Bylaws, the rules or regulations of any stock exchange\plain\intbl\cf1\f51\fs24\ql applicable to the Corporation, or applicable law or pursuant to any regulation applicable to the\plain\intbl\cf1\f51\fs24\ql Corporation or its securities, be decided by the affirmative vote of the holders of a majority in\plain\intbl\cf1\f51\fs24\ql voting power of the shares of Stock which are present in person or by proxy and entitled to\plain\intbl\cf1\f51\fs24\ql vote thereon.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.09{\*\bkmkstart _toc527987860_12540826}{\*\bkmkend _toc527987860_12540826}\plain\intbl\cf1\f51\fs24\ql Fixing Date for Determination of Stockholders of Record\plain\intbl\cf1\f51\fs24\ql .\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (a)\plain\intbl\cf1\f51\fs24\ql In order that the Corporation may determine the Stockholders entitled to notice of any\plain\intbl\cf1\f51\fs24\ql meeting of Stockholders or any adjournment thereof, the Board of Directors may fix a record\plain\intbl\cf1\f51\fs24\ql date, which record date shall not precede the date upon which the resolution fixing the record\plain\intbl\cf1\f51\fs24\ql date is adopted by the Board of Directors, and which record date shall, unless otherwise\plain\intbl\cf1\f51\fs24\ql required by law, not be more than sixty (60) nor less than ten (10) days before the date of such\plain\intbl\cf1\f51\fs24\ql meeting.\~\~If the Board of Directors so fixes a date, such date shall also be the record date for\plain\intbl\cf1\f51\fs24\ql determining the Stockholders entitled to vote at such meeting unless the Board of Directors\plain\intbl\cf1\f51\fs24\ql determines, at the time it fixes such record date, that a later date on or before the date of the\plain\intbl\cf1\f51\fs24\ql meeting shall be the date for making such determination.\~\~If no record date is fixed by the\plain\intbl\cf1\f51\fs24\ql Board of Directors, the record date for determining Stockholders entitled to notice of or to vote\plain\intbl\cf1\f51\fs24\ql at a meeting of Stockholders shall be at the close of business on the day next preceding the day\plain\intbl\cf1\f51\fs24\ql on which notice is given, or, if notice is waived, at the close of business on the day next\plain\intbl\cf1\f51\fs24\ql preceding the day on which the meeting is held.\~\~A determination of Stockholders of record\plain\intbl\cf1\f51\fs24\ql entitled to notice of or to vote at a meeting of Stockholders shall apply to any adjournment of\plain\intbl\cf1\f51\fs24\ql the meeting;\plain\intbl\cf1\f51\fs24\i\ql provided, however\plain\intbl\cf1\f51\fs24\ql , that the Board of Directors may fix a new record date for\plain\intbl\cf1\f51\fs24\ql determination of Stockholders entitled to vote at the adjourned meeting, and in such case shall\plain\intbl\cf1\f51\fs24\ql also fix as the record date for Stockholders entitled to notice of such adjourned meeting the\plain\intbl\cf1\f51\fs24\ql same or an earlier date as that fixed for determination of Stockholders entitled to vote in\plain\intbl\sa264\cf1\f51\fs24\ql accordance herewith at the adjourned meeting.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (b)\plain\intbl\cf1\f51\fs24\ql In order that the Corporation may determine the Stockholders entitled to receive payment of\plain\intbl\cf1\f51\fs24\ql any dividend or other distribution or allotment of any rights, or entitled to exercise any rights in\plain\intbl\cf1\f51\fs24\ql respect of any change, conversion or exchange of Stock or for the purpose of any other lawful\plain\intbl\cf1\f51\fs24\ql action, the Board of Directors may fix a record date, which record date shall not precede the\plain\intbl\cf1\f51\fs24\ql date upon which the resolution fixing the record date is adopted, and which record date shall\plain\intbl\cf1\f51\fs24\ql not be more than sixty (60) days prior to such action.\~\~If no such record date is fixed, the\plain\intbl\cf1\f51\fs24\ql record date for determining Stockholders for any such purpose shall be at the close of business\plain\intbl\sa264\cf1\f51\fs24\ql on the day on which the Board of Directors adopts the resolution relating thereto.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (c) Unless otherwise restricted by the Certificate of Incorporation, in order that the Corporation\plain\intbl\cf1\f51\fs24\ql may determine the Stockholders entitled to express consent to corporate action in writing\plain\intbl\cf1\f51\fs24\ql without a meeting, the Board of Directors may fix a record date, which record date shall not\plain\intbl\cf1\f51\fs24\ql precede the date upon which the resolution fixing the record date is adopted by the Board of\plain\intbl\cf1\f51\fs24\ql Directors, and which record date shall not be more than ten (10) days after the date upon which\plain\intbl\cf1\f51\fs24\ql the resolution fixing the record date is adopted by the Board of Directors.\~\~If no record date for\plain\intbl\sa264\cf1\f51\fs24\ql determining Stockholders entitled to express consent to corporate action in writing without a\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql meeting is fixed by the Board of Directors, (i) when no prior action of the Board of Directors\plain\intbl\cf1\f51\fs24\ql is required by law or the Certificate of Incorporation, the record date for such purpose shall be\plain\intbl\cf1\f51\fs24\ql the first date on which a signed written consent setting forth the action taken or proposed to be\plain\intbl\cf1\f51\fs24\ql taken is delivered to the Corporation in accordance with applicable law, and (ii) if prior action\plain\intbl\cf1\f51\fs24\ql by the Board of Directors is required by law or the Certificate of Incorporation, the record date\plain\intbl\cf1\f51\fs24\ql for such purpose shall be at the close of business on the day on which the Board of Directors\plain\intbl\sa264\cf1\f51\fs24\ql adopts the resolution taking such prior action.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.10{\*\bkmkstart _toc527987861_12540826}{\*\bkmkend _toc527987861_12540826}\plain\intbl\cf1\f51\fs24\ql List of Stockholders Entitled to Vote\plain\intbl\cf1\f51\fs24\ql .\~\~The officer who has charge of the stock\plain\intbl\cf1\f51\fs24\ql ledger of the Corporation shall prepare and make, at least ten (10) days before every meeting of\plain\intbl\cf1\f51\fs24\ql Stockholders, a complete list of the Stockholders entitled to vote at the meeting (\plain\intbl\cf1\f51\fs24\i\ql provided,\plain\intbl\cf1\f51\fs24\i\ql however\plain\intbl\cf1\f51\fs24\ql , if the record date for determining the Stockholders entitled to vote is less than ten\plain\intbl\cf1\f51\fs24\ql (10) days before the date of the meeting, the list shall reflect the Stockholders entitled to vote\plain\intbl\cf1\f51\fs24\ql as of a date that is no more than 10 days before the meeting date), arranged in alphabetical\plain\intbl\cf1\f51\fs24\ql order, and showing the address of each Stockholder and the number of shares registered in the\plain\intbl\cf1\f51\fs24\ql name of each Stockholder as of the record date (or such other date).\~\~Such list shall be open to\plain\intbl\cf1\f51\fs24\ql the examination of any Stockholder, for any purpose germane to the meeting at least ten (10)\plain\intbl\cf1\f51\fs24\ql days prior to the meeting (i) on a reasonably accessible electronic network,\plain\intbl\cf1\f51\fs24\i\ql provided\plain\intbl\cf1\f51\fs24\ql that the\plain\intbl\cf1\f51\fs24\ql information required to gain access to such list is provided with the notice of meeting or (ii)\plain\intbl\cf1\f51\fs24\ql during ordinary business hours at the principal place of business of the Corporation.\~\~If the\plain\intbl\cf1\f51\fs24\ql meeting is to be held at a place, then a list of Stockholders entitled to vote at the meeting shall\plain\intbl\cf1\f51\fs24\ql be produced and kept at the time and place of the meeting during the whole time thereof and\plain\intbl\cf1\f51\fs24\ql may be examined by any Stockholder who is present.\~\~If the meeting is to be held solely by\plain\intbl\cf1\f51\fs24\ql means of remote communication, then the list shall also be open to the examination of any\plain\intbl\cf1\f51\fs24\ql Stockholder during the whole time of the meeting on a reasonably accessible electronic\plain\intbl\cf1\f51\fs24\ql network, and the information required to access such list shall be provided with the notice of\plain\intbl\cf1\f51\fs24\ql the meeting.\~\~Except as otherwise provided by law, the stock ledger shall be the only evidence\plain\intbl\cf1\f51\fs24\ql as to who are the Stockholders entitled to examine the list of Stockholders required by this\plain\intbl\cf1\f51\fs24\ql Section 1.10 or to vote in person or by proxy at any meeting of Stockholders.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.11{\*\bkmkstart _toc527987862_12540826}{\*\bkmkend _toc527987862_12540826}\plain\intbl\cf1\f51\fs24\ql Action by Written Consent of Stockholders\plain\intbl\cf1\f51\fs24\ql .\~\~Except as provided by, and in\plain\intbl\cf1\f51\fs24\ql accordance with, the Certificate of Incorporation, no action that is required or permitted to be\plain\intbl\cf1\f51\fs24\ql taken by the Stockholders at any annual or special meeting of Stockholders may be effected by\plain\intbl\cf1\f51\fs24\ql written consent of Stockholders in lieu of a meeting of Stockholders.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.12{\*\bkmkstart _toc527987863_12540826}{\*\bkmkend _toc527987863_12540826}\plain\intbl\cf1\f51\fs24\ql Inspectors of Election\plain\intbl\cf1\f51\fs24\ql .\~\~The Corporation may, and shall if required by law, in\plain\intbl\cf1\f51\fs24\ql advance of any meeting of Stockholders, appoint one or more inspectors of election, who may\plain\intbl\cf1\f51\fs24\ql be employees of the Corporation, to act at the meeting or any adjournment thereof and to make\plain\intbl\cf1\f51\fs24\ql a written report thereof.\~\~The Corporation may designate one or more persons as alternate\plain\intbl\cf1\f51\fs24\ql inspectors to replace any inspector who fails to act.\~\~In the event that no inspector so appointed\plain\intbl\cf1\f51\fs24\ql or designated is able to act at a meeting of Stockholders, the person presiding at the meeting\plain\intbl\cf1\f51\fs24\ql shall appoint one or more inspectors to act at the meeting.\~\~Each inspector, before entering upon\plain\intbl\cf1\f51\fs24\ql the discharge of his or her duties, shall take and sign an oath to execute faithfully the duties of\plain\intbl\cf1\f51\fs24\ql inspector with strict impartiality and according to the best of his or her ability.\~\~The inspector or\plain\intbl\cf1\f51\fs24\ql inspectors so appointed or designated shall (i) ascertain the number of shares of Stock\plain\intbl\cf1\f51\fs24\ql outstanding and the voting power of each such share, (ii) determine the shares of Stock\plain\intbl\cf1\f51\fs24\ql represented at the meeting and the validity of proxies and ballots, (iii) count all votes and\plain\intbl\cf1\f51\fs24\ql ballots,\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql (iv) determine and retain for a reasonable period a record of the disposition of any challenges\plain\intbl\cf1\f51\fs24\ql made to any determination by the inspectors, and (v) certify their determination of the number\plain\intbl\cf1\f51\fs24\ql of shares of Stock represented at the meeting and such inspectors\u8217? count of all votes and\plain\intbl\cf1\f51\fs24\ql ballots. Such certification and report shall specify such other information as may be required by\plain\intbl\cf1\f51\fs24\ql law.\~\~In determining the validity and counting of proxies and ballots cast at any meeting of\plain\intbl\cf1\f51\fs24\ql Stockholders, the inspectors may consider such information as is permitted by applicable\plain\intbl\cf1\f51\fs24\ql law.\~\~No person who is a candidate for an office at an election may serve as an inspector at\plain\intbl\cf1\f51\fs24\ql such election.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.13{\*\bkmkstart _toc527987864_12540826}{\*\bkmkend _toc527987864_12540826}\plain\intbl\cf1\f51\fs24\ql Conduct of Meetings\plain\intbl\cf1\f51\fs24\ql .\~\~The date and time of the opening and the closing of the\plain\intbl\cf1\f51\fs24\ql polls for each matter upon which the Stockholders will vote at a meeting shall be announced at\plain\intbl\cf1\f51\fs24\ql the meeting by the person presiding over the meeting.\~\~The Board of Directors may adopt by\plain\intbl\cf1\f51\fs24\ql resolution such rules and regulations for the conduct of the meeting of Stockholders as it shall\plain\intbl\cf1\f51\fs24\ql deem appropriate.\~\~Except to the extent inconsistent with such rules and regulations as adopted\plain\intbl\cf1\f51\fs24\ql by the Board of Directors, the person presiding over any meeting of Stockholders shall have the\plain\intbl\cf1\f51\fs24\ql right and authority to convene and (for any or no reason) to recess and/or adjourn the meeting,\plain\intbl\cf1\f51\fs24\ql to prescribe such rules, regulations and procedures and to do all such acts as, in the judgment\plain\intbl\cf1\f51\fs24\ql of such presiding person, are appropriate for the proper conduct of the meeting.\~\~Such rules,\plain\intbl\cf1\f51\fs24\ql regulations or procedures, whether adopted by the Board of Directors or prescribed by the\plain\intbl\cf1\f51\fs24\ql presiding person of the meeting, may include, without limitation, the following: (i) the\plain\intbl\cf1\f51\fs24\ql establishment of an agenda or order of business for the meeting; (ii) rules and procedures for\plain\intbl\cf1\f51\fs24\ql maintaining order at the meeting and the safety of those present; (iii) limitations on attendance\plain\intbl\cf1\f51\fs24\ql at or participation in the meeting to Stockholders entitled to vote at the meeting, their duly\plain\intbl\cf1\f51\fs24\ql authorized and constituted proxies or such other persons as the presiding person of the meeting\plain\intbl\cf1\f51\fs24\ql shall determine; (iv) restrictions on entry to the meeting after the time fixed for the\plain\intbl\cf1\f51\fs24\ql commencement thereof; and (v) limitations on the time allotted to questions or comments by\plain\intbl\cf1\f51\fs24\ql participants.\~\~The presiding person at any meeting of Stockholders, in addition to making any\plain\intbl\cf1\f51\fs24\ql other determinations that may be appropriate to the conduct of the meeting, shall, if the facts\plain\intbl\cf1\f51\fs24\ql warrant, determine and declare to the meeting that a matter or business was not properly\plain\intbl\cf1\f51\fs24\ql brought before the meeting and if such presiding person should so determine, such presiding\plain\intbl\cf1\f51\fs24\ql person shall so declare to the meeting and any such matter or business not properly brought\plain\intbl\cf1\f51\fs24\ql before the meeting shall not be transacted or considered.\~\~Unless and to the extent determined\plain\intbl\cf1\f51\fs24\ql by the Board of Directors or the person presiding over the meeting, meetings of Stockholders\plain\intbl\cf1\f51\fs24\ql shall not be required to be held in accordance with the rules of parliamentary procedure.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 1.14{\*\bkmkstart _toc527987865_12540826}{\*\bkmkend _toc527987865_12540826}\plain\intbl\cf1\f51\fs24\ql Notice of Stockholder Business and Nominations\plain\intbl\cf1\f51\fs24\ql .\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (a)\plain\intbl\cf1\f51\fs24\i\ql Annual Meetings of Stockholders\plain\intbl\sa264\cf1\f51\fs24\ql .\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (i) Nominations of persons for election to the Board of Directors and the proposal of\plain\intbl\cf1\f51\fs24\ql other business to be considered by the Stockholders may be made at an annual meeting\plain\intbl\cf1\f51\fs24\ql of Stockholders only (A) pursuant to the Corporation\u8217?s notice of meeting (or any\plain\intbl\cf1\f51\fs24\ql supplement thereto), (B) by or at the direction of the Board of Directors or the\plain\intbl\cf1\f51\fs24\ql nominating and corporate governance committee thereof or (C) by any Stockholder who\plain\intbl\cf1\f51\fs24\ql was a Stockholder of record at the time the notice provided for in this Section 1.14 is\plain\intbl\cf1\f51\fs24\ql delivered to the Secretary, who is entitled to vote at the meeting and who complies with\plain\intbl\sa264\cf1\f51\fs24\ql the notice procedures set forth in this Section 1.14.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (ii) For any nominations or other business to be properly brought before an annual\plain\intbl\cf1\f51\fs24\ql meeting by a Stockholder pursuant to Section 1.14(a)(i)(C) of these Bylaws, the\plain\intbl\cf1\f51\fs24\ql Stockholder must have given timely notice thereof in writing to the Secretary and any\plain\intbl\cf1\f51\fs24\ql such proposed business (other than the nominations of persons for election to the Board\plain\intbl\cf1\f51\fs24\ql of Directors) must constitute a proper matter for Stockholder action.\~\~To be timely, a\plain\intbl\cf1\f51\fs24\ql Stockholder\u8217?s notice shall be delivered to the Secretary at the principal executive\plain\intbl\cf1\f51\fs24\ql offices of the Corporation not later than the close of business on the ninetieth (90th) day,\plain\intbl\cf1\f51\fs24\ql nor earlier than the close of business on the one hundred twentieth (120th) day, prior to\plain\intbl\cf1\f51\fs24\ql the first anniversary of the preceding year\u8217?s annual meeting (\plain\intbl\cf1\f51\fs24\i\ql provided, however\plain\intbl\cf1\f51\fs24\ql ,\plain\intbl\cf1\f51\fs24\ql that in the event that the date of the annual meeting is more than thirty (30) days before\plain\intbl\cf1\f51\fs24\ql or more than seventy (70) days after such anniversary date, notice by the Stockholder\plain\intbl\cf1\f51\fs24\ql must be so delivered not earlier than the close of business on the one hundred twentieth\plain\intbl\cf1\f51\fs24\ql (120th) day prior to such annual meeting and not later than the close of business on the\plain\intbl\cf1\f51\fs24\ql later of the ninetieth (90th) day prior to such annual meeting or the tenth (10th) day\plain\intbl\cf1\f51\fs24\ql following the day on which public announcement of the date of such meeting is first\plain\intbl\cf1\f51\fs24\ql made by the Corporation).\~\~In no event shall the public announcement of an adjournment\plain\intbl\cf1\f51\fs24\ql or postponement of an annual meeting commence a new time period (or extend any time\plain\intbl\cf1\f51\fs24\ql period) for the giving of a Stockholder\u8217?s notice as described above.\~\~To be in\plain\intbl\sa264\cf1\f51\fs24\ql proper form, such Stockholder\u8217?s notice must:\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\sa264\cf1\f51\fs24\ql (A)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql as to each person whom the Stockholder proposes to nominate for\plain\intbl\cf1\f51\fs24\ql election as a director of the Corporation, set forth (I) all information\plain\intbl\cf1\f51\fs24\ql relating to such person that is required to be disclosed in solicitations of\plain\intbl\cf1\f51\fs24\ql proxies for election of directors in an election contest, or is otherwise\plain\intbl\cf1\f51\fs24\ql required, in each case pursuant to and in accordance with Section 14(a)\plain\intbl\cf1\f51\fs24\ql of the Securities Exchange Act of 1934, as amended (the\plain\intbl\cf1\f51\fs24\ql \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Exchange Act\plain\intbl\cf1\f51\fs24\ql \u8221?), and the rules and regulations\plain\intbl\cf1\f51\fs24\ql promulgated thereunder, and (II) such person\u8217?s written consent to\plain\intbl\cf1\f51\fs24\ql being named in the proxy statement as a nominee and to serving as a\plain\intbl\sa264\cf1\f51\fs24\ql director of the Corporation if elected;\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\sa264\cf1\f51\fs24\ql (B)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql with respect to each nominee for election or reelection to the Board of\plain\intbl\cf1\f51\fs24\ql Directors, include the completed and signed questionnaire, representation\plain\intbl\sa264\cf1\f51\fs24\ql and agreement required by Section 1.15 of these Bylaws;\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\sa264\cf1\f51\fs24\ql (C)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql as to any other business that the Stockholder proposes to bring before the\plain\intbl\cf1\f51\fs24\ql meeting, set forth a brief description of the business desired to be\plain\intbl\cf1\f51\fs24\ql brought before the meeting, the text of the proposal or business\plain\intbl\cf1\f51\fs24\ql (including the text of any resolutions proposed for consideration and in\plain\intbl\cf1\f51\fs24\ql the event that such business includes a proposal to amend these Bylaws,\plain\intbl\cf1\f51\fs24\ql the language of the proposed amendment), the reasons for conducting\plain\intbl\cf1\f51\fs24\ql such business at the meeting and any material interest in such business of\plain\intbl\cf1\f51\fs24\ql such Stockholder and the beneficial owner, if any, on whose behalf the\plain\intbl\sa264\cf1\f51\fs24\ql proposal is made; and\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\sa264\cf1\f51\fs24\ql (D)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql as to the Stockholder giving the notice and the beneficial owner, if any,\plain\intbl\cf1\f51\fs24\ql on whose behalf the nomination or proposal is made, set forth (I) the\plain\intbl\cf1\f51\fs24\ql name and address of such Stockholder, as they appear on the\plain\intbl\sa264\cf1\f51\fs24\ql Corporation\u8217?s\cell{
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\pard\plain\intbl\li2376\cf1\f51\fs24\ql books, and of such beneficial owner, (II) the class or series and number\plain\intbl\li2376\cf1\f51\fs24\ql of shares of Stock which are owned beneficially and of record by such\plain\intbl\li2376\cf1\f51\fs24\ql Stockholder and such beneficial owner, (III) a description of any\plain\intbl\li2376\cf1\f51\fs24\ql agreement, arrangement or understanding with respect to the nomination\plain\intbl\li2376\cf1\f51\fs24\ql or proposal between or among such Stockholder and/or such beneficial\plain\intbl\li2376\cf1\f51\fs24\ql owner, any of their respective affiliates or associates, and any others\plain\intbl\li2376\cf1\f51\fs24\ql acting in concert with any of the foregoing, including, in the case of a\plain\intbl\li2376\cf1\f51\fs24\ql nomination, the nominee, (IV) a description of any agreement,\plain\intbl\li2376\cf1\f51\fs24\ql arrangement or understanding (including any derivative or short positions,\plain\intbl\li2376\cf1\f51\fs24\ql profit interests, options, warrants, convertible securities, stock appreciation\plain\intbl\li2376\cf1\f51\fs24\ql or similar rights, hedging transactions, and borrowed or loaned shares)\plain\intbl\li2376\cf1\f51\fs24\ql that has been entered into as of the date of the Stockholder\u8217?s\plain\intbl\li2376\cf1\f51\fs24\ql notice by, or on behalf of, such Stockholder and such beneficial owners,\plain\intbl\li2376\cf1\f51\fs24\ql whether or not such instrument or right shall be subject to settlement in\plain\intbl\li2376\cf1\f51\fs24\ql underlying shares of Stock, the effect or intent of which is to mitigate\plain\intbl\li2376\cf1\f51\fs24\ql loss to, manage risk or benefit of share price changes for, or increase or\plain\intbl\li2376\cf1\f51\fs24\ql decrease the voting power of, such Stockholder or such beneficial owner,\plain\intbl\li2376\cf1\f51\fs24\ql with respect to securities of the Corporation, (V) a representation that the\plain\intbl\li2376\cf1\f51\fs24\ql Stockholder is a holder of record of Stock entitled to vote at such meeting\plain\intbl\li2376\cf1\f51\fs24\ql and intends to appear in person or by proxy at the meeting to propose\plain\intbl\li2376\cf1\f51\fs24\ql such business or nomination, (VI) a representation whether the\plain\intbl\li2376\cf1\f51\fs24\ql Stockholder or the beneficial owner, if any, intends or is part of a group\plain\intbl\li2376\cf1\f51\fs24\ql which intends (x) to deliver a proxy statement and/or form of proxy to\plain\intbl\li2376\cf1\f51\fs24\ql holders of at least the percentage of outstanding Stock required to\plain\intbl\li2376\cf1\f51\fs24\ql approve or adopt the proposal or elect the nominee and/or (y) otherwise\plain\intbl\li2376\cf1\f51\fs24\ql to solicit proxies or votes from Stockholders in support of such proposal\plain\intbl\li2376\cf1\f51\fs24\ql or nomination, and (VII) any other information relating to such\plain\intbl\li2376\cf1\f51\fs24\ql Stockholder and beneficial owner, if any, required to be disclosed in a\plain\intbl\li2376\cf1\f51\fs24\ql proxy statement or other filings required to be made in connection with\plain\intbl\li2376\cf1\f51\fs24\ql solicitations of proxies for, as applicable, the proposal and/or for the\plain\intbl\li2376\cf1\f51\fs24\ql election of directors in an election contest pursuant to and in accordance\plain\intbl\li2376\cf1\f51\fs24\ql with Section 14(a) of the Exchange Act and the rules and regulations\plain\intbl\li2376\sa264\cf1\f51\fs24\ql promulgated thereunder.\cell{
{\trowd\cellx9529\trrh10071\row}}}\pard\plain\li792\cf1\f51\fs24\ql The foregoing notice requirements of this Section 1.14(a) shall be deemed satisfied by a\plain\li792\cf1\f51\fs24\ql Stockholder with respect to business other than a nomination for election as a director of\plain\li792\cf1\f51\fs24\ql the Corporation if the Stockholder has notified the Corporation of his, her or its\plain\li792\cf1\f51\fs24\ql intention to present a proposal at an annual meeting in compliance with applicable rules\plain\li792\cf1\f51\fs24\ql and regulations promulgated under the Exchange Act and such Stockholder\u8217?s\plain\li792\cf1\f51\fs24\ql proposal has been included in a proxy statement that has been prepared by the\plain\li792\cf1\f51\fs24\ql Corporation to solicit proxies for such annual meeting.\~\~The Corporation may require\plain\li792\cf1\f51\fs24\ql any proposed nominee for election as a director of the Corporation to furnish such other\plain\li792\cf1\f51\fs24\ql information as the Corporation may reasonably require to determine the eligibility of\plain\li792\sa264\cf1\f51\fs24\ql such proposed nominee to serve as a director of the Corporation.
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (i) Notwithstanding anything in the second sentence of Section 1.14(a)(ii) of these\plain\intbl\cf1\f51\fs24\ql Bylaws to the contrary, in the event that the number of directors to be elected to the\plain\intbl\sa264\cf1\f51\fs24\ql Board of Directors at the annual meeting is increased effective after the time period for\cell{
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\pard\plain\intbl\li792\cf1\f51\fs24\ql which nominations would otherwise be due under Section 1.14(a)(ii) of these Bylaws\plain\intbl\li792\cf1\f51\fs24\ql and there is no public announcement by the Corporation naming the nominees for the\plain\intbl\li792\cf1\f51\fs24\ql additional directorships at least one hundred (100) days prior to the first anniversary of\plain\intbl\li792\cf1\f51\fs24\ql the preceding year\u8217?s annual meeting, a Stockholder\u8217?s notice required by\plain\intbl\li792\cf1\f51\fs24\ql this Section 1.14 shall also be considered timely, but only with respect to nominees for\plain\intbl\li792\cf1\f51\fs24\ql the additional directorships, if it shall be delivered to the Secretary at the principal\plain\intbl\li792\cf1\f51\fs24\ql executive offices of the Corporation not later than the close of business on the tenth\plain\intbl\li792\cf1\f51\fs24\ql (10th) day following the day on which such public announcement is first made by the\plain\intbl\li792\sa264\cf1\f51\fs24\ql Corporation.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (b)\plain\intbl\cf1\f51\fs24\i\ql Special Meetings of Stockholders\plain\intbl\cf1\f51\fs24\ql .\~\~Except to the extent required by law, special meetings of\plain\intbl\cf1\f51\fs24\ql Stockholders may be called only in accordance with Article 7 of the Certificate of\plain\intbl\cf1\f51\fs24\ql Incorporation.\~\~Only such business shall be conducted at a special meeting of Stockholders as\plain\intbl\cf1\f51\fs24\ql shall have been brought before the meeting pursuant to the Corporation\u8217?s notice of\plain\intbl\cf1\f51\fs24\ql meeting.\~\~Nominations of persons for election to the Board of Directors may be made at a\plain\intbl\cf1\f51\fs24\ql special meeting of Stockholders at which directors are to be elected pursuant to the\plain\intbl\cf1\f51\fs24\ql Corporation\u8217?s notice of meeting (1) by or at the direction of the Board of Directors or\plain\intbl\cf1\f51\fs24\ql the nominating and corporate governance committee thereof or (2) provided that the Board of\plain\intbl\cf1\f51\fs24\ql Directors has determined that directors shall be elected at such meeting, by any Stockholder\plain\intbl\cf1\f51\fs24\ql who is a Stockholder of record at the time the notice provided for in this Section 1.14 is\plain\intbl\cf1\f51\fs24\ql delivered to the Secretary, who is entitled to vote at the meeting and upon such election and\plain\intbl\cf1\f51\fs24\ql who complies with the notice procedures set forth in this Section 1.14.\~\~In the event the\plain\intbl\cf1\f51\fs24\ql Corporation calls a special meeting of Stockholders for the purpose of electing one or more\plain\intbl\cf1\f51\fs24\ql directors to the Board of Directors, any such Stockholder entitled to vote in such election of\plain\intbl\cf1\f51\fs24\ql directors may nominate a person or persons (as the case may be) for election to such position(s)\plain\intbl\cf1\f51\fs24\ql as specified in the Corporation\u8217?s notice of meeting, if the Stockholder\u8217?s notice\plain\intbl\cf1\f51\fs24\ql required by Section 1.14(a)(ii) of these Bylaws (including the completed and signed\plain\intbl\cf1\f51\fs24\ql questionnaire, representation and agreement required by Section 1.15 of these Bylaws and any\plain\intbl\cf1\f51\fs24\ql other information, documents, affidavits, or certifications required by the Corporation) shall be\plain\intbl\cf1\f51\fs24\ql delivered to the Secretary at the principal executive offices of the Corporation not earlier than\plain\intbl\cf1\f51\fs24\ql the close of business on the one hundred twentieth (120th) day prior to such special meeting\plain\intbl\cf1\f51\fs24\ql and not later than the close of business on the later of the ninetieth (90th) day prior to such\plain\intbl\cf1\f51\fs24\ql special meeting or the tenth (10th) day following the day on which public announcement is first\plain\intbl\cf1\f51\fs24\ql made of the date of the special meeting and of the nominees proposed by the Board of\plain\intbl\cf1\f51\fs24\ql Directors to be elected at such meeting.\~\~In no event shall the public announcement of an\plain\intbl\cf1\f51\fs24\ql adjournment or postponement of a special meeting commence a new time period (or extend any\plain\intbl\sa264\cf1\f51\fs24\ql time period) for the giving of a Stockholder\u8217?s notice as described above.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (c)\plain\intbl\cf1\f51\fs24\i\ql General\plain\intbl\sa264\cf1\f51\fs24\ql .\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (i)\plain\intbl\cf1\f51\fs24\ql Except as otherwise expressly provided in any applicable rule or regulation\plain\intbl\cf1\f51\fs24\ql promulgated under the Exchange Act, only such persons who are nominated in\plain\intbl\cf1\f51\fs24\ql accordance with the procedures set forth in this Section 1.14 shall be eligible to be\plain\intbl\cf1\f51\fs24\ql elected at an annual or special meeting of Stockholders to serve as directors and only\plain\intbl\cf1\f51\fs24\ql such business shall be conducted at a meeting of Stockholders as shall have been\plain\intbl\cf1\f51\fs24\ql brought before the meeting in accordance with the procedures set forth in this Section\plain\intbl\cf1\f51\fs24\ql 1.14.\~\~Except as otherwise provided by law, the chairperson of the meeting shall have the\plain\intbl\cf1\f51\fs24\ql power and duty (A) to determine whether a nomination or any business proposed to be\plain\intbl\cf1\f51\fs24\ql brought before the meeting was made or proposed, as the case may be, in accordance\plain\intbl\sa264\cf1\f51\fs24\ql with the\cell{
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\pard\plain\intbl\li792\cf1\f51\fs24\ql procedures set forth in this Section 1.14 (including whether the Stockholder or beneficial\plain\intbl\li792\cf1\f51\fs24\ql owner, if any, on whose behalf the nomination or proposal is made or solicited (or is\plain\intbl\li792\cf1\f51\fs24\ql part of a group which solicited) or did not so solicit, as the case may be, proxies or\plain\intbl\li792\cf1\f51\fs24\ql votes in support of such Stockholder\u8217?s nominee or proposal in compliance with\plain\intbl\li792\cf1\f51\fs24\ql such Stockholder\u8217?s representation as required by Section 1.14(a)(ii)(D)(VI) of\plain\intbl\li792\cf1\f51\fs24\ql these Bylaws) and (B) if any proposed nomination or business was not made or\plain\intbl\li792\cf1\f51\fs24\ql proposed in compliance with this Section 1.14, to declare that such nomination shall be\plain\intbl\li792\cf1\f51\fs24\ql disregarded or that such proposed business shall not be transacted.\~\~Notwithstanding the\plain\intbl\li792\cf1\f51\fs24\ql foregoing provisions of this Section 1.14, unless otherwise required by law, if the\plain\intbl\li792\cf1\f51\fs24\ql Stockholder (or a qualified representative of the Stockholder) does not appear at the\plain\intbl\li792\cf1\f51\fs24\ql annual or special meeting of Stockholders to present a nomination or proposed business,\plain\intbl\li792\cf1\f51\fs24\ql such nomination shall be disregarded and such proposed business shall not be\plain\intbl\li792\cf1\f51\fs24\ql transacted, notwithstanding that proxies in respect of such vote may have been received\plain\intbl\li792\cf1\f51\fs24\ql by the Corporation.\~\~For purposes of this Section 1.14, to be considered a qualified\plain\intbl\li792\cf1\f51\fs24\ql representative of the Stockholder, a person must be a duly authorized officer, manager\plain\intbl\li792\cf1\f51\fs24\ql or partner of such Stockholder or must be authorized by a writing executed by such\plain\intbl\li792\cf1\f51\fs24\ql Stockholder or an electronic transmission delivered by such Stockholder to act for such\plain\intbl\li792\cf1\f51\fs24\ql Stockholder as proxy at the meeting of Stockholders and such person must produce such\plain\intbl\li792\cf1\f51\fs24\ql writing or electronic transmission, or a reliable reproduction of the writing or electronic\plain\intbl\li792\sa264\cf1\f51\fs24\ql transmission, at the meeting of Stockholders.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (ii)\plain\intbl\cf1\f51\fs24\ql For purposes of this Section 1.14, \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql public announcement\plain\intbl\cf1\f51\fs24\ql \u8221? shall\plain\intbl\cf1\f51\fs24\ql include disclosure in a press release reported by the Dow Jones News Service,\plain\intbl\cf1\f51\fs24\ql Associated Press or other national news service or in a document publicly filed by the\plain\intbl\cf1\f51\fs24\ql Corporation with the Securities and Exchange Commission pursuant to Section 13, 14 or\plain\intbl\sa264\cf1\f51\fs24\ql 15(d) of the Exchange Act and the rules and regulations promulgated thereunder.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql (iii) Notwithstanding the foregoing provisions of this Section 1.14, a Stockholder shall\plain\intbl\cf1\f51\fs24\ql also comply with all applicable requirements of the Exchange Act and the rules and\plain\intbl\cf1\f51\fs24\ql regulations promulgated thereunder with respect to the matters set forth in this Section\plain\intbl\cf1\f51\fs24\ql 1.14;\plain\intbl\cf1\f51\fs24\i\ql provided, however\plain\intbl\cf1\f51\fs24\ql , that any references in these Bylaws to the Exchange Act or the\plain\intbl\cf1\f51\fs24\ql rules and regulations promulgated thereunder are not intended to and shall not limit any\plain\intbl\cf1\f51\fs24\ql requirements applicable to nominations or proposals as to any other business to be\plain\intbl\cf1\f51\fs24\ql considered pursuant to this Section 1.14 (including clause (a)(i)(C) hereof and clause (b)\plain\intbl\cf1\f51\fs24\ql hereof), and compliance with clauses (a)(i)(C) and (b) of this Section 1.14 shall be the\plain\intbl\cf1\f51\fs24\ql exclusive means for a Stockholder to make nominations or submit other business (other\plain\intbl\cf1\f51\fs24\ql than, as provided in the penultimate sentence of clause (a)(ii) hereof, business other than\plain\intbl\cf1\f51\fs24\ql nominations brought properly under and in compliance with Rule 14a-8 promulgated\plain\intbl\cf1\f51\fs24\ql under the Exchange Act, as may be amended from time to time).\~\~Nothing in this Section\plain\intbl\cf1\f51\fs24\ql 1.14 shall be deemed to affect any rights (x) of Stockholders to request inclusion of\plain\intbl\cf1\f51\fs24\ql proposals or nominations in the Corporation\u8217?s proxy statement pursuant to\plain\intbl\cf1\f51\fs24\ql applicable rules and regulations promulgated under the Exchange Act or (y) of the\plain\intbl\cf1\f51\fs24\ql holders of any series of preferred Stock of the Corporation (\u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Preferred\plain\intbl\cf1\f51\fs24\b\i\ql Stock\plain\intbl\cf1\f51\fs24\ql \u8221?) to elect directors pursuant to any applicable provisions of the Certificate\plain\intbl\sa264\cf1\f51\fs24\ql of Incorporation.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.15{\*\bkmkstart _toc527987866_12540826}{\*\bkmkend _toc527987866_12540826}\plain\intbl\cf1\f51\fs24\ql Submission of Questionnaire, Representation and Agreement\plain\intbl\cf1\f51\fs24\ql . To be eligible to be\plain\intbl\cf1\f51\fs24\ql a nominee for election or reelection as a director of the Corporation, the candidate\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql for nomination must have previously delivered (in accordance with the time periods prescribed\plain\intbl\cf1\f51\fs24\ql for delivery of notice under Section 1.14 of these Bylaws), to the Secretary at the principal\plain\intbl\cf1\f51\fs24\ql executive offices of the Corporation, (a) a completed written questionnaire (in a form provided\plain\intbl\cf1\f51\fs24\ql by the Corporation) with respect to the background, qualifications, stock ownership and\plain\intbl\cf1\f51\fs24\ql independence of such proposed nominee and (b) a written representation and agreement (in\plain\intbl\cf1\f51\fs24\ql form provided by the Corporation) that such candidate for nomination (i) is not and, if elected\plain\intbl\cf1\f51\fs24\ql as a director during his or her term of office, will not become a party to (A) any agreement,\plain\intbl\cf1\f51\fs24\ql arrangement or understanding with, and has not given and will not give any commitment or\plain\intbl\cf1\f51\fs24\ql assurance to, any person or entity as to how such proposed nominee, if elected as a director of\plain\intbl\cf1\f51\fs24\ql the Corporation, will act or vote on any issue or question (a \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Voting\plain\intbl\cf1\f51\fs24\b\i\ql Commitment\plain\intbl\cf1\f51\fs24\ql \u8221?) or (B) any Voting Commitment that could limit or interfere with such\plain\intbl\cf1\f51\fs24\ql proposed nominee\u8217?s ability to comply, if elected as a director of the Corporation, with\plain\intbl\cf1\f51\fs24\ql such proposed nominee\u8217?s fiduciary duties under applicable law, (ii) is not, and will not\plain\intbl\cf1\f51\fs24\ql become a party to, any agreement, arrangement or understanding with any person or entity\plain\intbl\cf1\f51\fs24\ql other than the Corporation with respect to any direct or indirect compensation or reimbursement\plain\intbl\cf1\f51\fs24\ql for service as a director and (iii) if elected as a director of the Corporation, will comply with\plain\intbl\cf1\f51\fs24\ql all applicable corporate governance, conflict of interest, confidentiality, stock ownership and\plain\intbl\cf1\f51\fs24\ql trading and other policies and guidelines of the Corporation applicable to directors and in effect\plain\intbl\cf1\f51\fs24\ql during such person\u8217?s term in office as a director of the Corporation (and, if requested by\plain\intbl\cf1\f51\fs24\ql any candidate for nomination, the Secretary shall provide to such candidate for nomination all\plain\intbl\cf1\f51\fs24\ql such policies and guidelines then in effect).\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qc Article II.
\par\pard\plain\intbl\fs16{\*\bkmkstart _toc527987867_12540826}{\*\bkmkend _toc527987867_12540826}\pard\plain\intbl\sa264\cf1\f51\fs24\qc Board of Directors\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 2.01{\*\bkmkstart _toc527987868_12540826}{\*\bkmkend _toc527987868_12540826}\plain\intbl\cf1\f51\fs24\ql Number; Qualifications\plain\intbl\cf1\f51\fs24\ql .\~\~Subject to the Certificate of Incorporation, the total\plain\intbl\cf1\f51\fs24\ql number of directors constituting the entire Board of Directors shall be fixed from time to time\plain\intbl\cf1\f51\fs24\ql solely by resolution adopted by a majority of the Whole Board.\~\~For purposes of these Bylaws\plain\intbl\cf1\f51\fs24\ql the term \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Whole Board\plain\intbl\cf1\f51\fs24\ql \u8221? shall mean the total number of authorized directors for\plain\intbl\cf1\f51\fs24\ql the Board of Directors whether or not there exist any vacancies in previously authorized\plain\intbl\cf1\f51\fs24\ql directorships.\~\~Directors need not be Stockholders.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 2.02{\*\bkmkstart _toc527987869_12540826}{\*\bkmkend _toc527987869_12540826}\plain\intbl\cf1\f51\fs24\ql Election; Resignation; Vacancies\plain\intbl\cf1\f51\fs24\ql .\~\~The Board of Directors shall be divided into\plain\intbl\cf1\f51\fs24\ql three classes, as nearly equal in number as possible, designated Class I, Class II and Class\plain\intbl\cf1\f51\fs24\ql III.\~\~Commencing with the first annual meeting of Stockholders following the original\plain\intbl\cf1\f51\fs24\ql effectiveness of Article 6.E of the Certificate of Incorporation, directors of each class the term\plain\intbl\cf1\f51\fs24\ql of which shall then expire shall be elected to hold office for a three-year term and until the\plain\intbl\cf1\f51\fs24\ql election and qualification of their respective successors in office.\~\~The Class I directors shall\plain\intbl\cf1\f51\fs24\ql have an initial term expiring in December 31, 2016 and the Class II and Class III directors\plain\intbl\cf1\f51\fs24\ql shall have their terms expiring in December 31, 2017 and December 31, 2018, respectively.\plain\intbl\cf1\f51\fs24\ql Any director may resign at any time upon notice to the Corporation.\~\~Except as otherwise\plain\intbl\cf1\f51\fs24\ql required by law and subject to the rights of the holders of any series of Preferred Stock then\plain\intbl\cf1\f51\fs24\ql outstanding, unless the Board of Directors otherwise determines, newly created directorships\plain\intbl\cf1\f51\fs24\ql resulting from any increase in the authorized number of directors or any vacancies on the Board\plain\intbl\cf1\f51\fs24\ql of Directors resulting from the death, resignation, retirement, disqualification, removal from\plain\intbl\cf1\f51\fs24\ql office or other cause shall be filled only by a majority vote of the directors then in office and\plain\intbl\cf1\f51\fs24\ql entitled to vote thereon, though less than a quorum, or by a sole remaining director entitled to\plain\intbl\cf1\f51\fs24\ql vote thereon, and not by the\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql Stockholders. Any director so chosen shall hold office until the next election of the class for\plain\intbl\cf1\f51\fs24\ql which such director shall have been chosen and until his successor shall be elected and\plain\intbl\cf1\f51\fs24\ql qualified.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 2.03{\*\bkmkstart _toc527987870_12540826}{\*\bkmkend _toc527987870_12540826}\plain\intbl\cf1\f51\fs24\ql Regular Meetings\plain\intbl\cf1\f51\fs24\ql .\~\~Regular meetings of the Board of Directors may be held at\plain\intbl\cf1\f51\fs24\ql such places, if any, within or without the State of Delaware and at such times as the Board of\plain\intbl\cf1\f51\fs24\ql Directors may from time to time determine.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 2.04{\*\bkmkstart _toc527987871_12540826}{\*\bkmkend _toc527987871_12540826}\plain\intbl\cf1\f51\fs24\ql Special Meetings\plain\intbl\cf1\f51\fs24\ql .\~\~Special meetings of the Board of Directors may be held at any\plain\intbl\cf1\f51\fs24\ql time or place, if any, within or without the State of Delaware whenever called by the\plain\intbl\cf1\f51\fs24\ql Chairperson, a Vice Chairperson, the Chief Executive Officer, the Secretary, or by any two\plain\intbl\cf1\f51\fs24\ql members of the Board of Directors.\~\~Notice of a special meeting of the Board of Directors shall\plain\intbl\cf1\f51\fs24\ql be given by the person or persons calling the meeting at least twenty-four hours before the\plain\intbl\cf1\f51\fs24\ql special meeting.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 2.05{\*\bkmkstart _toc527987872_12540826}{\*\bkmkend _toc527987872_12540826}\plain\intbl\cf1\f51\fs24\ql Telephonic Meetings Permitted\plain\intbl\cf1\f51\fs24\ql .\~\~Members of the Board of Directors, or any\plain\intbl\cf1\f51\fs24\ql committee designated by the Board of Directors, may participate in a meeting thereof by means\plain\intbl\cf1\f51\fs24\ql of conference telephone or other communications equipment by means of which all persons\plain\intbl\cf1\f51\fs24\ql participating in the meeting can hear each other, and participation in a meeting pursuant to this\plain\intbl\cf1\f51\fs24\ql Section 2.05 shall constitute presence in person at such meeting.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 2.06{\*\bkmkstart _toc527987873_12540826}{\*\bkmkend _toc527987873_12540826}\plain\intbl\cf1\f51\fs24\ql Quorum; Vote Required for Action\plain\intbl\cf1\f51\fs24\ql .\~\~At all meetings of the Board of Directors the\plain\intbl\cf1\f51\fs24\ql directors entitled to cast a majority of the votes of the Whole Board shall constitute a quorum\plain\intbl\cf1\f51\fs24\ql for the transaction of business;\plain\intbl\cf1\f51\fs24\i\ql provided\plain\intbl\cf1\f51\fs24\ql that, solely for the purposes of filling vacancies\plain\intbl\cf1\f51\fs24\ql pursuant to Section 2.02 of these Bylaws, a meeting of the Board of Directors may be held if a\plain\intbl\cf1\f51\fs24\ql majority of the directors then in office participate in such meeting.\~\~Except in cases in which\plain\intbl\cf1\f51\fs24\ql the Certificate of Incorporation, these Bylaws or applicable law otherwise provides, a majority\plain\intbl\cf1\f51\fs24\ql of the votes entitled to be cast by the directors present at a meeting at which a quorum is\plain\intbl\cf1\f51\fs24\ql present shall be the act of the Board of Directors.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 2.07{\*\bkmkstart _toc527987874_12540826}{\*\bkmkend _toc527987874_12540826}\plain\intbl\cf1\f51\fs24\ql Organization\plain\intbl\cf1\f51\fs24\ql .\~\~Meetings of the Board of Directors shall be presided over by the\plain\intbl\cf1\f51\fs24\ql Chairperson, or in his or her absence by any Vice Chairperson, if any, or in his or her absence\plain\intbl\cf1\f51\fs24\ql by the Chief Executive Officer, or in his or her absence the Chief Executive Officer, or in his\plain\intbl\cf1\f51\fs24\ql or her absence by the President or by a chairperson chosen at the meeting by the affirmative\plain\intbl\cf1\f51\fs24\ql vote of a majority of the directors present at the meeting.\~\~The Secretary shall act as secretary\plain\intbl\cf1\f51\fs24\ql of the meeting, but in his or her absence the chairperson of the meeting may appoint any\plain\intbl\cf1\f51\fs24\ql person to act as secretary of the meeting.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 2.08{\*\bkmkstart _toc527987875_12540826}{\*\bkmkend _toc527987875_12540826}\plain\intbl\cf1\f51\fs24\ql Action by Unanimous Consent of Directors\plain\intbl\cf1\f51\fs24\ql .\~\~Unless otherwise restricted by the\plain\intbl\cf1\f51\fs24\ql Certificate of Incorporation or these Bylaws, any action required or permitted to be taken at any\plain\intbl\cf1\f51\fs24\ql meeting of the Board of Directors, or of any committee thereof, may be taken without a\plain\intbl\cf1\f51\fs24\ql meeting if all members of the Board of Directors or such committee, as the case may be,\plain\intbl\cf1\f51\fs24\ql consent thereto in writing or by electronic transmission and the writing or writings or electronic\plain\intbl\cf1\f51\fs24\ql transmissions are filed with the minutes of proceedings of the Board of Directors or such\plain\intbl\cf1\f51\fs24\ql committee in accordance with applicable law.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 2.09{\*\bkmkstart _toc527987876_12540826}{\*\bkmkend _toc527987876_12540826}\plain\intbl\cf1\f51\fs24\ql Compensation of Directors\plain\intbl\cf1\f51\fs24\ql .\~\~Unless otherwise restricted by the Certificate of\plain\intbl\cf1\f51\fs24\ql Incorporation or these Bylaws, the Board of Directors shall have the authority to fix the\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql compensation of directors.\~\~The directors may be paid their expenses, if any, of attendance at\plain\intbl\cf1\f51\fs24\ql each meeting of the Board of Directors and may be paid a fixed sum for attendance at each\plain\intbl\cf1\f51\fs24\ql meeting of the Board of Directors or a stated salary or other compensation as a director.\~\~No\plain\intbl\cf1\f51\fs24\ql such payment shall preclude any director from serving the Corporation in any other capacity\plain\intbl\cf1\f51\fs24\ql and receiving compensation therefor.\~\~Members of special or standing committees may be\plain\intbl\cf1\f51\fs24\ql allowed like compensation for attending committee meetings.\~\~Any director of the Corporation\plain\intbl\cf1\f51\fs24\ql may decline any or all such compensation payable to such director in his or her discretion.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qc Article III.
\par\pard\plain\intbl\fs16{\*\bkmkstart _toc527987877_12540826}{\*\bkmkend _toc527987877_12540826}\pard\plain\intbl\sa264\cf1\f51\fs24\qc Committees\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 3.01{\*\bkmkstart _toc527987878_12540826}{\*\bkmkend _toc527987878_12540826}\plain\intbl\cf1\f51\fs24\ql Committees\plain\intbl\cf1\f51\fs24\ql .\~\~The Board of Directors may designate one or more committees, each\plain\intbl\cf1\f51\fs24\ql committee to consist of one or more of the directors of the Corporation.\~\~The Board of\plain\intbl\cf1\f51\fs24\ql Directors may designate one or more directors as alternate members of any committee, who\plain\intbl\cf1\f51\fs24\ql may replace any absent or disqualified member at any meeting of such committee.\~\~In the\plain\intbl\cf1\f51\fs24\ql absence or disqualification of a member of any committee, the member or members thereof\plain\intbl\cf1\f51\fs24\ql present at any meeting and not disqualified from voting, whether or not he, she or they\plain\intbl\cf1\f51\fs24\ql constitute a quorum, may unanimously appoint another member of the Board of Directors to act\plain\intbl\cf1\f51\fs24\ql at the meeting in place of any such absent or disqualified member.\~\~Any such committee, to the\plain\intbl\cf1\f51\fs24\ql extent permitted by law and to the extent provided in the resolution of the Board of Directors,\plain\intbl\cf1\f51\fs24\ql shall have and may exercise all the powers and authority of the Board of Directors in the\plain\intbl\cf1\f51\fs24\ql management of the business and affairs of the Corporation, and may authorize the seal of the\plain\intbl\cf1\f51\fs24\ql Corporation to be affixed to all papers which may require it.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 3.02{\*\bkmkstart _toc527987879_12540826}{\*\bkmkend _toc527987879_12540826}\plain\intbl\cf1\f51\fs24\ql Committee Rules\plain\intbl\cf1\f51\fs24\ql .\~\~Unless the Board of Directors otherwise provides, each\plain\intbl\cf1\f51\fs24\ql committee designated by the Board of Directors may make, alter and repeal rules for the\plain\intbl\cf1\f51\fs24\ql conduct of its business.\~\~In the absence of such rules each committee shall conduct its business\plain\intbl\cf1\f51\fs24\ql in the same manner as the Board of Directors conducts its business pursuant to Article II of\plain\intbl\cf1\f51\fs24\ql these Bylaws.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qc Article IV.
\par\pard\plain\intbl\fs16{\*\bkmkstart _toc527987880_12540826}{\*\bkmkend _toc527987880_12540826}\pard\plain\intbl\sa264\cf1\f51\fs24\qc Officers\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.01{\*\bkmkstart _toc527987881_12540826}{\*\bkmkend _toc527987881_12540826}\plain\intbl\cf1\f51\fs24\ql Officers\plain\intbl\cf1\f51\fs24\ql .\~\~The officers of the Corporation may consist of a chairperson of the\plain\intbl\cf1\f51\fs24\ql Board of Directors (the \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Chairperson\plain\intbl\cf1\f51\fs24\ql \u8221?), a chief executive officer (the\plain\intbl\cf1\f51\fs24\ql \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Chief Executive Officer\plain\intbl\cf1\f51\fs24\ql \u8221?), a chief financial officer (the \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Chief Financial\plain\intbl\cf1\f51\fs24\b\i\ql Officer\plain\intbl\cf1\f51\fs24\ql \u8221?), a president (the \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql President\plain\intbl\cf1\f51\fs24\ql \u8221?), one or more vice presidents (each,\plain\intbl\cf1\f51\fs24\ql a \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Vice President\plain\intbl\cf1\f51\fs24\ql \u8221?), a Secretary (the \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Secretary\plain\intbl\cf1\f51\fs24\ql \u8221?), a treasurer (the\plain\intbl\cf1\f51\fs24\ql \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Treasurer\plain\intbl\cf1\f51\fs24\ql \u8221?), a controller (the \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Controller\plain\intbl\cf1\f51\fs24\ql \u8221?) and such other officers\plain\intbl\cf1\f51\fs24\ql as the Board of Directors may from time to time determine, each of whom shall be appointed\plain\intbl\cf1\f51\fs24\ql by the Board of Directors, each to have such authority, functions or duties as set forth in these\plain\intbl\cf1\f51\fs24\ql Bylaws or as determined by the Board of Directors.\~\~Each officer shall be chosen by the Board\plain\intbl\cf1\f51\fs24\ql of Directors and shall hold office for such term as may be prescribed by the Board of Directors\plain\intbl\cf1\f51\fs24\ql and until such person\u8217?s successor shall have been duly chosen and qualified, or until\plain\intbl\cf1\f51\fs24\ql such person\u8217?s earlier death, disqualification, resignation or removal.\~\~The Board of\plain\intbl\cf1\f51\fs24\ql Directors, in its discretion, from time to time may determine not to appoint one or more of the\plain\intbl\cf1\f51\fs24\ql officers identified in the first sentence of this Section 4.01 or to leave such officer position\plain\intbl\cf1\f51\fs24\ql vacant.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh4455\row}}}\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs24\qc 12\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li242\ri242\cf1\f51\fs20\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.02{\*\bkmkstart _toc527987882_12540826}{\*\bkmkend _toc527987882_12540826}\plain\intbl\cf1\f51\fs24\ql Removal, Resignation and Vacancies\plain\intbl\cf1\f51\fs24\ql .\~\~Any officer of the Corporation may be\plain\intbl\cf1\f51\fs24\ql removed, with or without cause, by the Board of Directors, without prejudice to the rights, if\plain\intbl\cf1\f51\fs24\ql any, of such officer under any contract to which it is a party.\~\~Any officer may resign at any\plain\intbl\cf1\f51\fs24\ql time upon written or electronic notice to the Corporation, without prejudice to the rights, if any,\plain\intbl\cf1\f51\fs24\ql of the Corporation under any contract to which such officer is a party.\~\~If any vacancy occurs in\plain\intbl\cf1\f51\fs24\ql any office of the Corporation, the Board of Directors may appoint a successor to fill such\plain\intbl\cf1\f51\fs24\ql vacancy for the remainder of the unexpired term and until a successor shall have been duly\plain\intbl\cf1\f51\fs24\ql chosen and qualified.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.03{\*\bkmkstart _toc527987883_12540826}{\*\bkmkend _toc527987883_12540826}\plain\intbl\cf1\f51\fs24\ql Chairperson\plain\intbl\cf1\f51\fs24\ql .\~\~The Chairperson shall be subject to the control of the Board of\plain\intbl\cf1\f51\fs24\ql Directors, and shall report directly to the Board of Directors.\~\~The Board of Directors may, in\plain\intbl\cf1\f51\fs24\ql its sole discretion, from time to time appoint one or more vice chairpersons (each, a\plain\intbl\cf1\f51\fs24\ql \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Vice Chairperson\plain\intbl\cf1\f51\fs24\ql \u8221?) each of whom shall be subject to the control of the Board of\plain\intbl\cf1\f51\fs24\ql Directors, and shall report directly to the Chairperson.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.04{\*\bkmkstart _toc527987884_12540826}{\*\bkmkend _toc527987884_12540826}\plain\intbl\cf1\f51\fs24\ql Chief Executive Officer\plain\intbl\cf1\f51\fs24\ql .\~\~The Chief Executive Officer shall have general\plain\intbl\cf1\f51\fs24\ql supervision and direction of the business and affairs of the Corporation, shall be responsible for\plain\intbl\cf1\f51\fs24\ql corporate policy and strategy, and shall report directly to the Board of Directors.\~\~Unless\plain\intbl\cf1\f51\fs24\ql otherwise provided in these Bylaws, all other officers of the Corporation shall report directly to\plain\intbl\cf1\f51\fs24\ql the Chief Executive Officer or as otherwise determined by the Chief Executive Officer.\~\~The\plain\intbl\cf1\f51\fs24\ql Chief Executive Officer shall, if present and in the absence of the Chairperson or any Vice\plain\intbl\cf1\f51\fs24\ql Chairperson, preside at meetings of the Stockholders and of the Board of Directors.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.05{\*\bkmkstart _toc527987885_12540826}{\*\bkmkend _toc527987885_12540826}\plain\intbl\cf1\f51\fs24\ql Chief Financial Officer\plain\intbl\cf1\f51\fs24\ql .\~\~The Chief Financial Officer shall exercise all the powers\plain\intbl\cf1\f51\fs24\ql and perform the duties of the office of the chief financial officer and in general have overall\plain\intbl\cf1\f51\fs24\ql supervision of the financial operations of the Corporation.\~\~The Chief Financial Officer shall,\plain\intbl\cf1\f51\fs24\ql when requested, counsel with and advise the other officers of the Corporation and shall perform\plain\intbl\cf1\f51\fs24\ql such other duties as such officer may agree with the Chief Executive Officer or as the Board of\plain\intbl\cf1\f51\fs24\ql Directors may from time to time determine.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.06{\*\bkmkstart _toc527987886_12540826}{\*\bkmkend _toc527987886_12540826}\plain\intbl\cf1\f51\fs24\ql President\plain\intbl\cf1\f51\fs24\ql .\~\~The President shall be the chief operating officer of the Corporation,\plain\intbl\cf1\f51\fs24\ql with general responsibility for the management and control of the operations of the\plain\intbl\cf1\f51\fs24\ql Corporation.\~\~The President shall have the power to affix the signature of the Corporation to all\plain\intbl\cf1\f51\fs24\ql contracts that have been authorized by the Board of Directors or the Chief Executive\plain\intbl\cf1\f51\fs24\ql Officer.\~\~The President shall, when requested, counsel with and advise the other officers of the\plain\intbl\cf1\f51\fs24\ql Corporation and shall perform such other duties as such officer may agree with the Chief\plain\intbl\cf1\f51\fs24\ql Executive Officer or as the Board of Directors may from time to time determine.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.07{\*\bkmkstart _toc527987887_12540826}{\*\bkmkend _toc527987887_12540826}\plain\intbl\cf1\f51\fs24\ql Vice Presidents\plain\intbl\cf1\f51\fs24\ql .\~\~The Vice President shall have such powers and duties as shall be\plain\intbl\cf1\f51\fs24\ql prescribed by his or her superior officer or the Chief Executive Officer.\~\~A Vice President shall,\plain\intbl\cf1\f51\fs24\ql when requested, counsel with and advise the other officers of the Corporation and shall perform\plain\intbl\cf1\f51\fs24\ql such other duties as such officer may agree with the Chief Executive Officer or as the Board of\plain\intbl\cf1\f51\fs24\ql Directors may from time to time determine.\~\~In accordance with Sections 4.01 and 4.12 of these\plain\intbl\cf1\f51\fs24\ql Bylaws, the Board of Directors, the Chief Executive Officer and/or the Chief Financial Officer\plain\intbl\cf1\f51\fs24\ql may, in his, her or their discretion, from time to time appoint one or more executive vice\plain\intbl\cf1\f51\fs24\ql presidents of the Corporation (each, an \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Executive Vice President\plain\intbl\cf1\f51\fs24\ql \u8221?) and/or\plain\intbl\cf1\f51\fs24\ql assistant vice presidents of the Corporation (each, an \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Assistant Vice President\plain\intbl\cf1\f51\fs24\ql \u8221?).\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh2673\row}}}\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs24\qc 13\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li242\ri242\cf1\f51\fs20\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.08{\*\bkmkstart _toc527987888_12540826}{\*\bkmkend _toc527987888_12540826}\plain\intbl\cf1\f51\fs24\ql Treasurer\plain\intbl\cf1\f51\fs24\ql .\~\~The Treasurer shall supervise and be responsible for all the funds and\plain\intbl\cf1\f51\fs24\ql securities of the Corporation, the deposit of all moneys and other valuables to the credit of the\plain\intbl\cf1\f51\fs24\ql Corporation in depositories of the Corporation, borrowings and compliance with the provisions\plain\intbl\cf1\f51\fs24\ql of all indentures, agreements and instruments governing such borrowings to which the\plain\intbl\cf1\f51\fs24\ql Corporation is a party, the disbursement of funds of the Corporation and the investment of its\plain\intbl\cf1\f51\fs24\ql funds, and in general shall perform all of the duties incident to the office of the Treasurer.\~\~The\plain\intbl\cf1\f51\fs24\ql Treasurer shall report to the Chief Financial Officer and, when requested, counsel with and\plain\intbl\cf1\f51\fs24\ql advise the other officers of the Corporation and shall perform such other duties as such officer\plain\intbl\cf1\f51\fs24\ql may agree with the Chief Executive Officer, the Chief Financial Officer or as the Board of\plain\intbl\cf1\f51\fs24\ql Directors may from time to time determine. In accordance with Sections 4.01 and 4.12 of these\plain\intbl\cf1\f51\fs24\ql Bylaws, the Board of Directors, the Chief Executive Officer and/or the Chief Financial Officer\plain\intbl\cf1\f51\fs24\ql may, in his, her or their discretion, from time to time appoint one or more assistant treasurers\plain\intbl\cf1\f51\fs24\ql of the Corporation (each, an \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Assistant Treasurer\plain\intbl\cf1\f51\fs24\ql \u8221?).\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.09{\*\bkmkstart _toc527987889_12540826}{\*\bkmkend _toc527987889_12540826}\plain\intbl\cf1\f51\fs24\ql Controller\plain\intbl\cf1\f51\fs24\ql .\~\~The Controller shall be the chief accounting officer of the\plain\intbl\cf1\f51\fs24\ql Corporation.\~\~The Controller shall report to the Chief Financial Officer and, when requested,\plain\intbl\cf1\f51\fs24\ql counsel with and advise the other officers of the Corporation and shall perform such other\plain\intbl\cf1\f51\fs24\ql duties as such officer may agree with the Chief Executive Officer or the Chief Financial Officer\plain\intbl\cf1\f51\fs24\ql or as the Board of Directors may from time to time determine.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.10{\*\bkmkstart _toc527987890_12540826}{\*\bkmkend _toc527987890_12540826}\plain\intbl\cf1\f51\fs24\ql Secretary\plain\intbl\cf1\f51\fs24\ql .\~\~The powers and duties of the Secretary are:\~\~(i) to act as Secretary at\plain\intbl\cf1\f51\fs24\ql all meetings of the Board of Directors, of the committees of the Board of Directors and of the\plain\intbl\cf1\f51\fs24\ql Stockholders and to record the proceedings of such meetings in a book or books to be kept for\plain\intbl\cf1\f51\fs24\ql that purpose; (ii) to see that all notices required to be given by the Corporation are duly given\plain\intbl\cf1\f51\fs24\ql and served; (iii) to act as custodian of the seal of the Corporation and affix the seal or cause it\plain\intbl\cf1\f51\fs24\ql to be affixed to all certificates of Stock and to all documents, the execution of which on behalf\plain\intbl\cf1\f51\fs24\ql of the Corporation under its seal is duly authorized in accordance with the provisions of these\plain\intbl\cf1\f51\fs24\ql Bylaws; (iv) to have charge of the books, records and papers of the Corporation and see that\plain\intbl\cf1\f51\fs24\ql the reports, statements and other documents required by law to be kept and filed are properly\plain\intbl\cf1\f51\fs24\ql kept and filed; and (v) to perform all of the duties incident to the office of Secretary.\~\~The\plain\intbl\cf1\f51\fs24\ql Secretary shall, when requested, counsel with and advise the other officers of the Corporation\plain\intbl\cf1\f51\fs24\ql and shall perform such other duties as such officer may agree with the Chief Executive Officer\plain\intbl\cf1\f51\fs24\ql or as the Board of Directors may from time to time determine.\~\~In accordance with Sections\plain\intbl\cf1\f51\fs24\ql 4.01 and 4.12 of these Bylaws, the Board of Directors, the Chief Executive Officer and/or the\plain\intbl\cf1\f51\fs24\ql Chief Financial Officer may, in his, her or their discretion, from time to time appoint one or\plain\intbl\cf1\f51\fs24\ql more assistant secretaries of the Corporation (each, an \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Assistant Secretary\plain\intbl\cf1\f51\fs24\ql \u8221?).\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.11{\*\bkmkstart _toc527987891_12540826}{\*\bkmkend _toc527987891_12540826}\plain\intbl\cf1\f51\fs24\ql Appointing Attorneys and Agents; Voting Securities of Other Entities\plain\intbl\cf1\f51\fs24\ql .\~\~Unless\plain\intbl\cf1\f51\fs24\ql otherwise provided by resolution adopted by the Board of Directors, the Chairperson, any Vice\plain\intbl\cf1\f51\fs24\ql Chairperson, the Chief Executive Officer, the Chief Financial Officer or the President may from\plain\intbl\cf1\f51\fs24\ql time to time appoint an attorney or attorneys or agent or agents of the Corporation, in the name\plain\intbl\cf1\f51\fs24\ql and on behalf of the Corporation, to (a) cast the votes which the Corporation may be entitled to\plain\intbl\cf1\f51\fs24\ql cast as the holder of stock or other securities in any other corporation or other entity, any of\plain\intbl\cf1\f51\fs24\ql whose stock or other securities may be held by the Corporation, at meetings of the holders of\plain\intbl\cf1\f51\fs24\ql the stock or other securities of such other corporation or other entity, or to consent in writing,\plain\intbl\cf1\f51\fs24\ql in the name of the Corporation as such holder, to any action by such other corporation or other\plain\intbl\cf1\f51\fs24\ql entity, and may instruct the person or persons so appointed as to the manner of casting such\plain\intbl\cf1\f51\fs24\ql votes\cell{
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\pard\plain\intbl\cf1\f51\fs24\ql or giving such consents, and may execute or cause to be executed in the name and on behalf of\plain\intbl\cf1\f51\fs24\ql the Corporation and under its corporate seal or otherwise, all such written proxies or other\plain\intbl\cf1\f51\fs24\ql instruments as he or she may deem necessary or proper and (b) exercise the rights of the\plain\intbl\cf1\f51\fs24\ql Corporation in its capacity as a general partner of a partnership or in its capacity as a managing\plain\intbl\cf1\f51\fs24\ql member of a limited liability company as to which the Corporation, in such capacity, is entitled\plain\intbl\cf1\f51\fs24\ql to exercise pursuant to the applicable partnership agreement or limited liability company\plain\intbl\cf1\f51\fs24\ql operating agreement, including without limitation to take or refrain from taking any action, or\plain\intbl\cf1\f51\fs24\ql to consent in writing, in each case in the name of the Corporation as such general partner or\plain\intbl\cf1\f51\fs24\ql managing member, to any action by such partnership or limited liability company, and may\plain\intbl\cf1\f51\fs24\ql instruct the person or persons so appointed as to the manner of taking such actions or giving\plain\intbl\cf1\f51\fs24\ql such consents, and may execute or cause to be executed in the name and on behalf of the\plain\intbl\cf1\f51\fs24\ql Corporation and under its corporate seal or otherwise, all such written proxies or other\plain\intbl\cf1\f51\fs24\ql instruments as he or she may deem necessary or proper.\~\~Unless otherwise provided by\plain\intbl\cf1\f51\fs24\ql resolution adopted by the Board of Directors, any of the rights set forth in this Section 4.11\plain\intbl\cf1\f51\fs24\ql which may be delegated to an attorney or agent may also be exercised directly by the\plain\intbl\cf1\f51\fs24\ql Chairperson, a Vice Chairperson, the Chief Executive Officer, the Chief Financial Officer or\plain\intbl\cf1\f51\fs24\ql the President.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 4.12{\*\bkmkstart _toc527987892_12540826}{\*\bkmkend _toc527987892_12540826}\plain\intbl\cf1\f51\fs24\ql Additional Matters\plain\intbl\cf1\f51\fs24\ql .\~\~The Chief Executive Officer, the Chief Financial Officer and\plain\intbl\cf1\f51\fs24\ql the President shall have the authority to designate employees of the Corporation to have the\plain\intbl\cf1\f51\fs24\ql title of Executive Vice President, Vice President, Assistant Vice President, Assistant Treasurer\plain\intbl\cf1\f51\fs24\ql or Assistant Secretary.\~\~Any employee so designated shall have the powers and duties\plain\intbl\cf1\f51\fs24\ql determined by the officer making such designation.\~\~A person designated as an Executive Vice\plain\intbl\cf1\f51\fs24\ql President, Vice President, Assistant Vice President, Assistant Treasurer or Assistant Secretary\plain\intbl\cf1\f51\fs24\ql shall not be deemed to be an officer of the Corporation unless the Board of Directors has\plain\intbl\cf1\f51\fs24\ql adopted a resolution approving such person in such capacity as an officer of the Corporation\plain\intbl\cf1\f51\fs24\ql (including by means of direct appointment by the Board of Directors pursuant to Section 4.01\plain\intbl\cf1\f51\fs24\ql of these Bylaws).\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qc Article V.
\par\pard\plain\intbl\fs16{\*\bkmkstart _toc527987893_12540826}{\*\bkmkend _toc527987893_12540826}\pard\plain\intbl\sa264\cf1\f51\fs24\qc Stock\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 5.01{\*\bkmkstart _toc527987894_12540826}{\*\bkmkend _toc527987894_12540826}\plain\intbl\cf1\f51\fs24\ql Certificates\plain\intbl\cf1\f51\fs24\ql .\~\~The shares of Stock shall be represented by certificates,\plain\intbl\cf1\f51\fs24\i\ql provided\plain\intbl\cf1\f51\fs24\ql that\plain\intbl\cf1\f51\fs24\ql the Board of Directors may provide by resolution or resolutions that some or all of any or all\plain\intbl\cf1\f51\fs24\ql classes or series of Stock shall be uncertificated shares.\~\~Any such resolution shall not apply to\plain\intbl\cf1\f51\fs24\ql shares represented by a certificate until such certificate is surrendered to the Corporation.\~\~Every\plain\intbl\cf1\f51\fs24\ql holder of Stock represented by certificates shall be entitled to have a certificate signed by or in\plain\intbl\cf1\f51\fs24\ql the name of the Corporation by (a) any one officer of the Corporation who is the Chairperson,\plain\intbl\cf1\f51\fs24\ql a Vice Chairperson, the Chief Executive Officer, the President or a Vice President, and (b) by\plain\intbl\cf1\f51\fs24\ql any one officer of the Corporation who is the Chief Financial Officer, the Treasurer, any\plain\intbl\cf1\f51\fs24\ql Assistant Treasurer, the Controller, the Secretary or any Assistant Secretary, with such\plain\intbl\cf1\f51\fs24\ql signatories certifying the number of shares of the applicable class or series of Stock owned by\plain\intbl\cf1\f51\fs24\ql such holder in the Corporation.\~\~Any of or all the signatures on the certificate may be a\plain\intbl\cf1\f51\fs24\ql facsimile.\~\~In case any officer, transfer agent or registrar who has signed or whose facsimile\plain\intbl\cf1\f51\fs24\ql signature has been placed upon a certificate shall have ceased to be such officer, transfer agent,\plain\intbl\cf1\f51\fs24\ql or registrar before such certificate is issued, it may be issued by the Corporation with the same\plain\intbl\cf1\f51\fs24\ql effect as if such person were such officer, transfer agent, or registrar at the date of issue.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh4455\row}}}\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs24\qc 15\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li242\ri242\cf1\f51\fs20\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 5.02{\*\bkmkstart _toc527987895_12540826}{\*\bkmkend _toc527987895_12540826}\plain\intbl\cf1\f51\fs24\ql Lost, Stolen or Destroyed Stock Certificates; Issuance of New Certificates\plain\intbl\cf1\f51\fs24\ql .\~\~The\plain\intbl\cf1\f51\fs24\ql Corporation may issue a new certificate for shares of Stock in the place of any certificate\plain\intbl\cf1\f51\fs24\ql theretofore issued by it, alleged to have been lost, stolen or destroyed, and the Corporation may\plain\intbl\cf1\f51\fs24\ql require the owner of the lost, stolen or destroyed certificate, or such owner\u8217?s legal\plain\intbl\cf1\f51\fs24\ql representative, to give the Corporation a bond sufficient to indemnify it against any claim that\plain\intbl\cf1\f51\fs24\ql may be made against it on account of the alleged loss, theft or destruction of any such\plain\intbl\cf1\f51\fs24\ql certificate or the issuance of such new certificate.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qc Article VI.
\par\pard\plain\intbl\fs16{\*\bkmkstart _toc527987896_12540826}{\*\bkmkend _toc527987896_12540826}\pard\plain\intbl\sa264\cf1\f51\fs24\qc Indemnification and Advancement of Expenses\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 6.01{\*\bkmkstart _toc527987897_12540826}{\*\bkmkend _toc527987897_12540826}\plain\intbl\cf1\f51\fs24\ql Right to Indemnification\plain\intbl\cf1\f51\fs24\ql .\~\~The Corporation shall indemnify and hold harmless, to\plain\intbl\cf1\f51\fs24\ql the fullest extent permitted by applicable law (including as it presently exists or may hereafter\plain\intbl\cf1\f51\fs24\ql be amended), any person (a \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql Covered Person\plain\intbl\cf1\f51\fs24\ql \u8221?) who was or is made or is\plain\intbl\cf1\f51\fs24\ql threatened to be made a party or is otherwise involved in any action, suit or proceeding,\plain\intbl\cf1\f51\fs24\ql whether civil, criminal, administrative or investigative (any such action, suit or proceeding, a\plain\intbl\cf1\f51\fs24\ql \u8220?\plain\intbl\cf1\f51\fs24\b\i\ql proceeding\plain\intbl\cf1\f51\fs24\ql \u8221?), by reason of the fact that he or she, or a person for whom he or\plain\intbl\cf1\f51\fs24\ql she is the legal representative, is or was a director or officer of the Corporation or, while a\plain\intbl\cf1\f51\fs24\ql director or officer of the Corporation, is or was serving at the request of the Corporation as a\plain\intbl\cf1\f51\fs24\ql director, officer, employee or agent of another corporation or of a partnership, limited liability\plain\intbl\cf1\f51\fs24\ql company, joint venture, trust, enterprise or nonprofit entity, including service with respect to\plain\intbl\cf1\f51\fs24\ql employee benefit plans, against all liability and loss suffered and expenses (including\plain\intbl\cf1\f51\fs24\ql attorneys\u8217? fees) reasonably incurred by such Covered Person.\~\~Notwithstanding the\plain\intbl\cf1\f51\fs24\ql preceding sentence, except as otherwise provided in Section 6.03 of these Bylaws, the\plain\intbl\cf1\f51\fs24\ql Corporation shall be required to indemnify a Covered Person in connection with a proceeding\plain\intbl\cf1\f51\fs24\ql (or part thereof) commenced by such Covered Person only if the commencement of such\plain\intbl\cf1\f51\fs24\ql proceeding (or part thereof) by the Covered Person was authorized in the specific case by the\plain\intbl\cf1\f51\fs24\ql Board of Directors.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 6.02{\*\bkmkstart _toc527987898_12540826}{\*\bkmkend _toc527987898_12540826}\plain\intbl\cf1\f51\fs24\ql Advancement of Expenses\plain\intbl\cf1\f51\fs24\ql .\~\~The Corporation shall to the fullest extent not\plain\intbl\cf1\f51\fs24\ql prohibited by applicable law pay the expenses (including attorneys\u8217? fees) incurred by a\plain\intbl\cf1\f51\fs24\ql Covered Person in defending any proceeding in advance of its final disposition,\plain\intbl\cf1\f51\fs24\i\ql provided,\plain\intbl\cf1\f51\fs24\i\ql however\plain\intbl\cf1\f51\fs24\ql , that, to the extent required by law, such payment of expenses in advance of the final\plain\intbl\cf1\f51\fs24\ql disposition of the proceeding shall be made only upon receipt of an undertaking by the Covered\plain\intbl\cf1\f51\fs24\ql Person to repay all amounts advanced if it should be ultimately determined that the Covered\plain\intbl\cf1\f51\fs24\ql Person is not entitled to be indemnified under this Article VI or otherwise.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 6.03{\*\bkmkstart _toc527987899_12540826}{\*\bkmkend _toc527987899_12540826}\plain\intbl\cf1\f51\fs24\ql Claims\plain\intbl\cf1\f51\fs24\ql .\~\~If a claim for indemnification under this Article VI (following the final\plain\intbl\cf1\f51\fs24\ql disposition of such proceeding) is not paid in full within sixty (60) days after the Corporation\plain\intbl\cf1\f51\fs24\ql has received a claim therefor by the Covered Person, or if a claim for any advancement of\plain\intbl\cf1\f51\fs24\ql expenses under this Article VI is not paid in full within thirty (30) days after the Corporation\plain\intbl\cf1\f51\fs24\ql has received a statement or statements requesting such amounts to be advanced, the Covered\plain\intbl\cf1\f51\fs24\ql Person shall thereupon (but not before) be entitled to file suit to recover the unpaid amount of\plain\intbl\cf1\f51\fs24\ql such claim.\~\~If successful in whole or in part, the Covered Person shall be entitled to be paid\plain\intbl\cf1\f51\fs24\ql the expense of prosecuting such claim to the fullest extent permitted by law.\~\~In any such\plain\intbl\cf1\f51\fs24\ql action, the Corporation shall have the burden of proving that the Covered Person is not entitled\plain\intbl\cf1\f51\fs24\ql to the requested indemnification or advancement of expenses under applicable law.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 6.04{\*\bkmkstart _toc527987900_12540826}{\*\bkmkend _toc527987900_12540826}\plain\intbl\cf1\f51\fs24\ql Non-exclusivity of Rights\plain\intbl\cf1\f51\fs24\ql .\~\~The rights conferred on any Covered Person by this\plain\intbl\cf1\f51\fs24\ql Article VI shall not be exclusive of any other rights which such Covered Person may have or\plain\intbl\cf1\f51\fs24\ql hereafter acquires under any statute, provision of the Certificate of Incorporation, these Bylaws,\plain\intbl\cf1\f51\fs24\ql agreement, vote of Stockholders or disinterested directors or otherwise.\cell{
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 6.05{\*\bkmkstart _toc527987901_12540826}{\*\bkmkend _toc527987901_12540826}\plain\intbl\cf1\f51\fs24\ql Other Sources\plain\intbl\cf1\f51\fs24\ql .\~\~The Corporation\u8217?s obligation, if any, to indemnify or to\plain\intbl\cf1\f51\fs24\ql advance expenses to any Covered Person who was or is serving at its request as a director,\plain\intbl\cf1\f51\fs24\ql officer, employee or agent of another corporation, partnership, limited liability company, joint\plain\intbl\cf1\f51\fs24\ql venture, trust, enterprise or nonprofit entity shall be reduced by any amount such Covered\plain\intbl\cf1\f51\fs24\ql Person may collect as indemnification or advancement of expenses from such other corporation,\plain\intbl\cf1\f51\fs24\ql partnership, limited liability company, joint venture, trust, enterprise or non-profit enterprise.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh1782\row}}}\pard\plain\cf1\f51\fs24\ql \~
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{\trowd\clvertalc\cellx1\cellx9529\trrh1188
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 6.06{\*\bkmkstart _toc527987902_12540826}{\*\bkmkend _toc527987902_12540826}\plain\intbl\cf1\f51\fs24\ql Amendment or Repeal\plain\intbl\cf1\f51\fs24\ql .\~\~Any right to indemnification or to advancement of\plain\intbl\cf1\f51\fs24\ql expenses of any Covered Person arising hereunder shall not be eliminated or impaired by an\plain\intbl\cf1\f51\fs24\ql amendment to or repeal of these Bylaws after the occurrence of the act or omission that is the\plain\intbl\cf1\f51\fs24\ql subject of the proceeding for which indemnification or advancement of expenses is sought.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh1188\row}}}\pard\plain\cf1\f51\fs24\ql \~
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{\trowd\clvertalc\cellx1\cellx9529\trrh1188
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 6.07{\*\bkmkstart _toc527987903_12540826}{\*\bkmkend _toc527987903_12540826}\plain\intbl\cf1\f51\fs24\ql Other Indemnification and Advancement of Expenses\plain\intbl\cf1\f51\fs24\ql .\~\~This Article VI shall not\plain\intbl\cf1\f51\fs24\ql limit the right of the Corporation, to the extent and in the manner permitted by law, to\plain\intbl\cf1\f51\fs24\ql indemnify and to advance expenses to persons other than Covered Persons when and as\plain\intbl\cf1\f51\fs24\ql authorized by appropriate corporate action.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh1188\row}}}\pard\plain\cf1\f51\fs24\ql \~
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{\trowd\clvertalc\cellx1\cellx9529\trrh864
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\qc Article VII.
\par\pard\plain\intbl\fs16{\*\bkmkstart _toc527987904_12540826}{\*\bkmkend _toc527987904_12540826}\pard\plain\intbl\sa264\cf1\f51\fs24\qc Miscellaneous\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh864\row}}}
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{\trowd\clvertalc\cellx1\cellx9529\trrh594
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 7.01{\*\bkmkstart _toc527987905_12540826}{\*\bkmkend _toc527987905_12540826}\plain\intbl\cf1\f51\fs24\ql Fiscal Year\plain\intbl\cf1\f51\fs24\ql .\~\~The fiscal year of the Corporation shall be determined by resolution\plain\intbl\cf1\f51\fs24\ql of the Board of Directors.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh594\row}}}\pard\plain\cf1\f51\fs24\ql \~
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{\trowd\clvertalc\cellx1\cellx9529\trrh594
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 7.02{\*\bkmkstart _toc527987906_12540826}{\*\bkmkend _toc527987906_12540826}\plain\intbl\cf1\f51\fs24\ql Seal\plain\intbl\cf1\f51\fs24\ql .\~\~The corporate seal shall have the name of the Corporation inscribed thereon\plain\intbl\cf1\f51\fs24\ql and shall be in such form as may be approved from time to time by the Board of Directors.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh594\row}}}\pard\plain\cf1\f51\fs24\ql \~
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{\trowd\clvertalc\cellx1\cellx9529\trrh4158
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 7.03{\*\bkmkstart _toc527987907_12540826}{\*\bkmkend _toc527987907_12540826}\plain\intbl\cf1\f51\fs24\ql Manner of Notice\plain\intbl\cf1\f51\fs24\ql .\~\~Except as otherwise provided herein or permitted by applicable\plain\intbl\cf1\f51\fs24\ql law, notices to directors and Stockholders shall be in writing and delivered personally or mailed\plain\intbl\cf1\f51\fs24\ql to the directors or Stockholders at their addresses appearing on the books of the\plain\intbl\cf1\f51\fs24\ql Corporation.\~\~Without limiting the manner by which notice otherwise may be given effectively\plain\intbl\cf1\f51\fs24\ql to Stockholders, and except as prohibited by applicable law, any notice to Stockholders given\plain\intbl\cf1\f51\fs24\ql by the Corporation under any provision of applicable law, the Certificate of Incorporation, or\plain\intbl\cf1\f51\fs24\ql these Bylaws shall be effective if given by a single written notice to Stockholders who share an\plain\intbl\cf1\f51\fs24\ql address if consented to by the Stockholders at that address to whom such notice is given.\~\~Any\plain\intbl\cf1\f51\fs24\ql such consent shall be revocable by the Stockholder by written notice to the Corporation.\~\~Any\plain\intbl\cf1\f51\fs24\ql Stockholder who fails to object in writing to the Corporation, within sixty (60) days of having\plain\intbl\cf1\f51\fs24\ql been given written notice by the Corporation of its intention to send the single notice permitted\plain\intbl\cf1\f51\fs24\ql under this Section 7.03, shall be deemed to have consented to receiving such single written\plain\intbl\cf1\f51\fs24\ql notice.\~\~Notice to directors may be given in person, by mail or by e-mail, telephone, telecopier\plain\intbl\cf1\f51\fs24\ql or other means of electronic transmission.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh4158\row}}}\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\cf1\f51\fs24\qc 17\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li242\ri242\cf1\f51\fs20\ql \~
\page\par\pard\plain\cf1\f51\fs24\li1270\ql \~
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{\trowd\clvertalc\cellx1\cellx9529\trrh2376
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 7.04{\*\bkmkstart _toc527987908_12540826}{\*\bkmkend _toc527987908_12540826}\plain\intbl\cf1\f51\fs24\ql Waiver of Notice of Meetings of Stockholders, Directors and Committees\plain\intbl\cf1\f51\fs24\ql .\~\~Any\plain\intbl\cf1\f51\fs24\ql waiver of notice, given by the person entitled to notice, whether before or after the time stated\plain\intbl\cf1\f51\fs24\ql therein, shall be deemed equivalent to notice.\~\~Attendance of a person at a meeting shall\plain\intbl\cf1\f51\fs24\ql constitute a waiver of notice of such meeting, except when the person attends a meeting for the\plain\intbl\cf1\f51\fs24\ql express purpose of objecting, at the beginning of the meeting, to the transaction of any business\plain\intbl\cf1\f51\fs24\ql because the meeting is not lawfully called or convened.\~\~Neither the business to be transacted\plain\intbl\cf1\f51\fs24\ql at, nor the purpose of, any regular or special meeting of the Stockholders, Board of Directors,\plain\intbl\cf1\f51\fs24\ql or members of a committee of the Board of Directors need be specified in a waiver of notice.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh2376\row}}}\pard\plain\cf1\f51\fs24\ql \~
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{\trowd\clvertalc\cellx1\cellx9529\trrh1485
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 7.05{\*\bkmkstart _toc527987909_12540826}{\*\bkmkend _toc527987909_12540826}\plain\intbl\cf1\f51\fs24\ql Form of Records\plain\intbl\cf1\f51\fs24\ql .\~\~Any records maintained by the Corporation in the regular\plain\intbl\cf1\f51\fs24\ql course of its business, including its stock ledger, books of account, and minute books, may be\plain\intbl\cf1\f51\fs24\ql kept on, or by means of, or be in the form of, any information storage device or method,\plain\intbl\cf1\f51\fs24\ql provided that the records so kept can be converted into clearly legible paper form within a\plain\intbl\cf1\f51\fs24\ql reasonable time.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh1485\row}}}\pard\plain\cf1\f51\fs24\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs24\ql Section 7.06{\*\bkmkstart _toc527987910_12540826}{\*\bkmkend _toc527987910_12540826}\plain\intbl\cf1\f51\fs24\ql Amendment of Bylaws\plain\intbl\cf1\f51\fs24\ql .\~\~These Bylaws may be altered, amended or repealed, and\plain\intbl\cf1\f51\fs24\ql new bylaws made, only by the affirmative vote of (a) a majority of the Board of Directors or\plain\intbl\cf1\f51\fs24\ql (b) Stockholders representing at least 66\u8532?% of the votes eligible to be cast in an election\plain\intbl\cf1\f51\fs24\ql of directors of the Corporation.\cell{
{\trowd\clvertalc\cellx1\cellx9529\trrh1188\row}}}\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\sa264\cf1\f51\fs24\b\qc *\u8195?\u8195?*\u8195?\u8195?*\par\pard\plain\cf1\f51\fs24\qc 18\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\page{\*\bkmkstart doc_1_4}{\*\bkmkend doc_1_4}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 31.1\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATIONS\par\pard\plain\sb264\cf1\f51\fs20\ql I, Terry McNew, certify that:\par\pard\plain\cf1\f51\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh248
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 1. I have reviewed this Quarterly Report on Form 10-Q of MasterCraft Boat Holdings, Inc.;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh248\row}}}\pard\plain\fi418\cf1\f51\fs2\ql \~\par\pard\plain\fi418\cf1\f51\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a\plain\intbl\cf1\f51\fs20\ql material fact necessary to make the statements made, in light of the circumstances under which such statements\plain\intbl\cf1\f51\fs20\ql were made, not misleading with respect to the period covered by this report;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\fi418\cf1\f51\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly\plain\intbl\cf1\f51\fs20\ql present in all material respects the financial condition, results of operations and cash flows of the registrant as of,\plain\intbl\cf1\f51\fs20\ql and for, the periods presented in this report;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f62\fs22\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 4. The registrant\u8217?s other certifying officer and I are responsible for establishing and maintaining disclosure\plain\intbl\cf1\f51\fs20\ql controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over\plain\intbl\cf1\f51\fs20\ql financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh990
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be\plain\intbl\cf1\f51\fs20\ql designed under our supervision, to ensure that material information relating to the registrant, including its\plain\intbl\cf1\f51\fs20\ql consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in\plain\intbl\cf1\f51\fs20\ql which this report is being prepared;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\cf1\f62\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh990
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to\plain\intbl\cf1\f51\fs20\ql be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting\plain\intbl\cf1\f51\fs20\ql and the preparation of financial statements for external purposes in accordance with generally accepted accounting\plain\intbl\cf1\f51\fs20\ql principles;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\cf1\f62\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql c) Evaluated the effectiveness of the registrant\u8217?s disclosure controls and procedures and presented in this\plain\intbl\cf1\f51\fs20\ql report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period\plain\intbl\cf1\f51\fs20\ql covered by this report based on such evaluation; and\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\fi1386\cf1\f51\fs12\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql d) Disclosed in this report any change in the registrant\u8217?s internal control over financial reporting that\plain\intbl\cf1\f51\fs20\ql occurred during the registrant\u8217?s most recent fiscal quarter (the registrant\u8217?s fourth fiscal quarter in the\plain\intbl\cf1\f51\fs20\ql case of an annual report) that has materially affected, or is reasonably likely to materially affect, the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s internal control over financial reporting; and\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\cf1\f51\fs12\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 5. The registrant\u8217?s other certifying officer and I have disclosed, based on our most recent evaluation of\plain\intbl\cf1\f51\fs20\ql internal control over financial reporting, to the registrant\u8217?s auditors and the audit committee of the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s board of directors (or persons performing the equivalent functions):\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial\plain\intbl\cf1\f51\fs20\ql reporting which are reasonably likely to adversely affect the registrant\u8217?s ability to record, process, summarize\plain\intbl\cf1\f51\fs20\ql and report financial information; and\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh495
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql b) Any fraud, whether or not material, that involves management or other employees who have a significant role in\plain\intbl\cf1\f51\fs20\ql the registrant\u8217?s internal control over financial reporting.\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs24\ql \~
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{\trowd\clvertalc\cellx4512\clvertalb\cellx4652\clvertalc\cellx5036\clvertalb\cellx5176\clvertalc\cellx9688\trrh66
\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell{
{\trowd\clvertalc\cellx4512\clvertalb\cellx4652\clvertalc\cellx5036\clvertalb\cellx5176\clvertalc\cellx9688\trrh66\row}}}
{\trowd\clvertalc\cellx4512\clvertalb\cellx4652\clvertalc\cellx5036\clvertalb\cellx5176\clvertalc\cellx9688\trrh297
\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\cellx4512\clvertalb\cellx4652\clvertalc\cellx5036\clvertalb\cellx5176\clvertalc\cellx9688\trrh297\row}}}
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270
\pard\plain\intbl\cf1\f51\fs20\ql Date: November 8, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sa22\cf1\f51\fs20\ql /s/ Terry McNew\cell{
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270\row}}}
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Terry McNew\cell{
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264\row}}}
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\cellx9688\trrh518
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql President and Chief Executive Officer\par\pard\plain\intbl\sa22\cf1\f51\fs20\ql (Principal Executive Officer)\cell{
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\cellx9688\trrh518\row}}}\pard\plain\sa176\cf1\f62\fs22\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\page{\*\bkmkstart doc_1_5}{\*\bkmkend doc_1_5}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 31.2\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATIONS\par\pard\plain\sb264\cf1\f51\fs20\ql I, Timothy M. Oxley, certify that:\par\pard\plain\cf1\f51\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh248
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 1. I have reviewed this Quarterly Report on Form 10-Q of MasterCraft Boat Holdings, Inc.;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh248\row}}}\pard\plain\fi418\cf1\f51\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a\plain\intbl\cf1\f51\fs20\ql material fact necessary to make the statements made, in light of the circumstances under which such statements\plain\intbl\cf1\f51\fs20\ql were made, not misleading with respect to the period covered by this report;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\fi418\cf1\f51\fs12\ql \~
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\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly\plain\intbl\cf1\f51\fs20\ql present in all material respects the financial condition, results of operations and cash flows of the registrant as of,\plain\intbl\cf1\f51\fs20\ql and for, the periods presented in this report;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f62\fs22\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 4. The registrant\u8217?s other certifying officer and I are responsible for establishing and maintaining disclosure\plain\intbl\cf1\f51\fs20\ql controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over\plain\intbl\cf1\f51\fs20\ql financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:\~\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~
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{\trowd\clvertalc\cellx1\cellx9688\trrh990
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be\plain\intbl\cf1\f51\fs20\ql designed under our supervision, to ensure that material information relating to the registrant, including its\plain\intbl\cf1\f51\fs20\ql consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in\plain\intbl\cf1\f51\fs20\ql which this report is being prepared;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\li-1386\fi1386\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx9688\trrh990
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to\plain\intbl\cf1\f51\fs20\ql be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting\plain\intbl\cf1\f51\fs20\ql and the preparation of financial statements for external purposes in accordance with generally accepted accounting\plain\intbl\cf1\f51\fs20\ql principles;\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\li-1386\fi1386\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql c) Evaluated the effectiveness of the registrant\u8217?s disclosure controls and procedures and presented in this\plain\intbl\cf1\f51\fs20\ql report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period\plain\intbl\cf1\f51\fs20\ql covered by this report based on such evaluation; and\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\li-1386\fi1386\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx9688\trrh990
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql d) Disclosed in this report any change in the registrant\u8217?s internal control over financial reporting that\plain\intbl\cf1\f51\fs20\ql occurred during the registrant\u8217?s most recent fiscal quarter (the registrant\u8217?s fourth fiscal quarter in the\plain\intbl\cf1\f51\fs20\ql case of an annual report) that has materially affected, or is reasonably likely to materially affect, the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s internal control over financial reporting; and\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 5. The registrant\u8217?s other certifying officer and I have disclosed, based on our most recent evaluation of\plain\intbl\cf1\f51\fs20\ql internal control over financial reporting, to the registrant\u8217?s auditors and the audit committee of the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s board of directors (or persons performing the equivalent functions):\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial\plain\intbl\cf1\f51\fs20\ql reporting which are reasonably likely to adversely affect the registrant\u8217?s ability to record, process, summarize\plain\intbl\cf1\f51\fs20\ql and report financial information; and\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\fi1386\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx1\cellx9688\trrh495
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql b) Any fraud, whether or not material, that involves management or other employees who have a significant role in\plain\intbl\cf1\f51\fs20\ql the registrant\u8217?s internal control over financial reporting.\cell{
{\trowd\clvertalc\cellx1\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs24\ql \~
\par\pard\plain
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\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell{
{\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh66\row}}}
{\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh297
\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh297\row}}}
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\pard\plain\intbl\cf1\f51\fs20\ql Date: November 8, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sa22\cf1\f51\fs20\ql /s/ Timothy M. Oxley\cell{
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270\row}}}
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Timothy M. Oxley\cell{
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264\row}}}
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\cellx9688\trrh518
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Chief Financial Officer, Treasurer and Secretary\par\pard\plain\intbl\sa22\cf1\f51\fs20\ql (Principal Financial and Accounting Officer)\cell{
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\cellx9688\trrh518\row}}}\pard\plain\sa176\cf1\f62\fs22\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\page{\*\bkmkstart doc_1_6}{\*\bkmkend doc_1_6}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 32.1\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATION PURSUANT TO\par\pard\plain\cf1\f51\fs20\b\qc 18 U.S.C. SECTION 1350,\par\pard\plain\cf1\f51\fs20\b\qc AS ADOPTED PURSUANT TO\par\pard\plain\cf1\f51\fs20\b\qc SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002\par\pard\plain\sb264\cf1\f51\fs20\ql I, Terry McNew, Chief Executive Officer of MasterCraft Boat Holdings, Inc. (the \u8220?Company\u8221?), hereby\plain\cf1\f51\fs20\ql certify, pursuant to 18 U.S.C. \u167?1350, as adopted pursuant to \u167?906 of the Sarbanes-Oxley Act of 2002,\plain\cf1\f51\fs20\ql that, to the best of my knowledge:\par\pard\plain\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh765
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql (1)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql The Quarterly Report on Form 10-Q of the Company for the fiscal quarter ended April 1, 2018 (the\plain\intbl\cf1\f51\fs20\ql \u8220?Report\u8221?) fully complies with the requirements of Section\~13(a) or 15(d) of the Securities\plain\intbl\cf1\f51\fs20\ql Exchange Act of 1934, as amended; and\cell{
{\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh765\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh495
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql (2)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql The information contained in the Report fairly presents, in all material respects, the financial condition and\plain\intbl\cf1\f51\fs20\ql results of operations of the Company.\cell{
{\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs24\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx4512\clvertalb\cellx4652\clvertalc\cellx5036\clvertalb\cellx5176\clvertalc\cellx9688\trrh66
\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell{
{\trowd\clvertalc\cellx4512\clvertalb\cellx4652\clvertalc\cellx5036\clvertalb\cellx5176\clvertalc\cellx9688\trrh66\row}}}
{\trowd\clvertalc\cellx4512\clvertalb\cellx4652\clvertalc\cellx5036\clvertalb\cellx5176\clvertalc\cellx9688\trrh297
\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\cellx4512\clvertalb\cellx4652\clvertalc\cellx5036\clvertalb\cellx5176\clvertalc\cellx9688\trrh297\row}}}
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270
\pard\plain\intbl\cf1\f51\fs20\ql November 8, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sa22\cf1\f51\fs20\ql /s/ Terry McNew\cell{
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270\row}}}
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Terry McNew\cell{
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264\row}}}
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\cellx9688\trrh495
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql President and Chief Executive Officer (Principal\plain\intbl\cf1\f51\fs20\ql Executive Officer)\cell{
{\trowd\cellx4512\clvertalb\cellx4652\cellx5036\clvertalb\cellx5176\cellx9688\trrh495\row}}}\pard\plain\sa176\cf1\f62\fs22\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\page{\*\bkmkstart doc_1_7}{\*\bkmkend doc_1_7}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 32.2\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATION PURSUANT TO\par\pard\plain\cf1\f51\fs20\b\qc 18 U.S.C. SECTION 1350,\par\pard\plain\cf1\f51\fs20\b\qc AS ADOPTED PURSUANT TO\par\pard\plain\cf1\f51\fs20\b\qc SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002\par\pard\plain\sb264\cf1\f51\fs20\ql I, Timothy M. Oxley, Chief Financial Officer of MasterCraft Boat Holdings, Inc. (the \u8220?Company\u8221?),\plain\cf1\f51\fs20\ql hereby certify, pursuant to 18 U.S.C. \u167?1350, as adopted pursuant to \u167?906 of the Sarbanes-Oxley Act of\plain\cf1\f51\fs20\ql 2002, that, to the best of my knowledge:\par\pard\plain\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh742
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql (1)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql The Quarterly Report on Form 10-Q of the Company for the fiscal quarter ended April 1, 2018 (the\plain\intbl\cf1\f51\fs20\ql \u8220?Report\u8221?) fully complies with the requirements of Section\~13(a) or 15(d) of the Securities\plain\intbl\cf1\f51\fs20\ql Exchange Act of 1934, as amended; and\cell{
{\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh742\row}}}\pard\plain\fi22\cf1\f51\fs12\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh495
\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql (2)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql The information contained in the Report fairly presents, in all material respects, the financial condition and\plain\intbl\cf1\f51\fs20\ql results of operations of the Company.\cell{
{\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs24\ql \~
\par\pard\plain
{\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh66
\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell{
{\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh66\row}}}
{\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh297
\pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{
{\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh297\row}}}
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270
\pard\plain\intbl\cf1\f51\fs20\ql November 8, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sa22\cf1\f51\fs20\ql /s/ Timothy M. Oxley\cell{
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270\row}}}
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Timothy M. Oxley\cell{
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264\row}}}
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\cellx9688\trrh518
\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Chief Financial Officer, Treasurer and Secretary\par\pard\plain\intbl\sa22\cf1\f51\fs20\ql (Principal Financial and Accounting Officer)\cell{
{\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\cellx9688\trrh518\row}}}\pard\plain\sa176\cf1\f62\fs22\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par
\page}